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Ethereum Open Interest Nears $40B, Will ETH Price Catch Up?

by admin June 16, 2025

Ethereum price made a bold comeback as it recorded a 5.2% jump with a 88% surge in its daily trading volumes to $22.5 billion. Meanwhile, the ETH futures open interest is rising toward a new high, suggesting resurgence of interest among derivatives traders.

The data from Coinglass shows that a major part of the open interest remained relatively stable with small price fluctuations. However, since October, both indicators have increased significantly, and the open interest approached the $40 billion value, and the ETH price reached over $3,500 by June 2025.

ETH futures open interest, Source: Coinglass

The increasing price and open interest usually indicates weak confidence among short traders, resulting in a surge in long positions. Let us now understand the technical sentiment and possible Ethereum price prediction for the week!

The Exponential Moving Averages (EMAs) helps determine the strength of the trend at various durations (20, 50, 100, and 200). In the Ethereum price chart, all 4 EMAs stand below the price mark, indicating a strong bullish price action for the largest altcoin in the crypto market. Notably, these EMAs, in combination, act as major support for ETH currently, allowing investors to make a more accurate decision.

Ethereum price chart, Source: TradingView (ETH/USDT)

The Stochastic Relative Strength Index (RSI) shows the position reversal just above the oversold range in the daily time frame. This highlights a potential trend reversal for the Ethereum price in the market. Considering the present chart conditions, the price of ETH could continue gaining momentum this week.

How High Will ETH Price Rise?

Maintaining the value above the $2,600 mark could result in this altcoin retesting its upper resistance level of $2,800. A sustained bullish action may push the price toward its upper price target of $3,000 or $3,200 in the upcoming time.

Conversely, increased liquidation may pullback the price toward its immediate support level of $2,600. Whilst, a surge in negative sentiment could result in it plunging toward its lower support zone of $2,400 this month.

Also Read: SEC Delays Decision on Franklin Templeton’s Ethereum ETF Staking

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June 16, 2025 0 comments

GameFi Guides

Juventus Deal Vaults Crypto Exchange WhiteBIT’s Token to All-Time High Price

by admin June 16, 2025

In brief

WhiteBIT’s token (WBT) surged to a new all-time high following news of its Juventus sponsorship.
The exchange will act as the official sleeve sponsor and crypto exchange of Juventus during the three-year deal.
Juventus already has crypto connections, including stablecoin giant Tether as a minority investor.

The token of European crypto exchange WhiteBIT reached a new all-time high price on Monday, surging more than 30% following news that the exchange has sponsored prominent Italian soccer club Juventus in a three-year deal.

The WhiteBIT token (WBT) is now trading at $51.64 with a $7.45 billion market cap, moving it inside the top 25 crypto assets by market capitalization according to data from CoinGecko.

WBT peaked at a new all-time high price of $52.27 overnight, beating the previous high of just over $40—set a day earlier.

“We are thrilled to welcome WhiteBIT to the Juventus family, a partner that shares our commitment to innovation and excellence, both on and off the pitch.” said Juventus CEO Maurizio Scanavino, in a statement. He added that the collab will bring fans “new engagement opportunities, leveraging cutting-edge technology to enhance their connection with Juventus.”

As part of the deal, the WhiteBIT logo will be present on the sleeves of the Juventus men’s first team jersey starting at the FIFA Club World Cup. Additionally, WhiteBIT is now the official cryptocurrency exchange of Juventus, and the pair will collaborate on exclusive digital content and more.

WhiteBIT also acts as the official cryptocurrency exchange for FC Barcelona, a soccer team in Spain’s prominent soccer league, La Liga.

“This partnership marks a major milestone in our mission to make cryptocurrency more accessible to an increasingly wider audience,” said WhiteBIT Founder and CEO Volodymyr Nosov, in a statement. “Together, we’ll create new, tech-driven ways to connect fans with their favorite team.”

The move is Juventus’ second major connection to crypto this year, having previously been the subject of headlines when stablecoin firm Tether announced a minority stake in the club. It also has a fan token (JUV) on the Chiliz blockchain.

Beyond Juventus, soccer has become increasingly interconnected with crypto this year. In May FIFA announced the launch of its own Avalanche L1 blockchain, creating new opportunities in the space and migrating its collectibles platform in the process. And blockchain game FIFA Rivals was just released on iOS and Android last week.

Furthermore, French-based club Paris Saint-Germain recently announced that it is maintaining a portion of its balance sheet in Bitcoin.

Edited by Andrew Hayward

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June 16, 2025 0 comments

Gaming Gear

With 12,000 Five-Star Reviews, the Samsung 990 Pro Internal SSD Reaches a Two-Year Price Low on Amazon

by admin June 16, 2025

When the Samsung 990 Pro SSD first came out a few years back, its starting point was around $300 for the 2TB model, an enormous cost for everyone except the most dedicated users. Fast forward to today, and this top-end drive has seen its cost decline continually but never quite to the level it is at now. Amazon is currently offering the 2TB version for just $149, which makes a two-year low even beating out previous Black Friday and Prime Day deals.

See at Amazon

Ultra Fast SSD

This SSD is built into speed and performance, and the 990 Pro features PCIe Gen4 technology that unlocks read speeds to 7,450 MB/s and write speeds to 6,900 MB/s. These figures put the 990 Pro at the top of the consumer SSD performance class and make it ideal for extreme gaming, video editing, data analysis and any other task where one wants fast access to large files. With respect to the predecessor 980 Pro, the 990 Pro provides more than a 55% boost in random performance.

The most surprising aspect of 990 Pro is its power specification efficiency: Samsung has been able to improve performance per watt by up to 50% over the previous generation so your system runs faster and more efficiently. This efficiency extends battery life in mobile devices and reduces heat generated which translates to stable performance even under extended use. The drive is available in capacities ranging from 1TB to 4TB (all of them are on sale at Amazon) so you can choose the perfect capacity for your needs.

The drive is built with high-quality parts and has sophisticated heat dissipation technology that maintains temperatures in check even with extended usage. It guarantees even performance and increases the lifespan of the SSD. Samsung backs the 990 Pro with a comprehensive 5-year warranty which gives customers confidence and peace of mind in their buying decision. The drive is compatible with a wide range of systems, from PCs to Macs, and even present-day gaming consoles like the PS5, if you happen to own an appropriate M.2 slot.

At its current $149 price on Amazon—the lowest in two years—it’s a bargain that no one can pass up.

See at Amazon

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June 16, 2025 0 comments

$80 for Borderlands 4 too costly? Randy Pitchford says, "If you're a real fan, you'll find a way to make it happen"

Game Updates

Borderlands 4 special editions and price confirmed (and it won’t cost $80)

by admin June 16, 2025

With Borderlands 4’s September release inching closer, publisher Take-Two has announced pricing and a variety of special editions for the shooter. And there’s good news for anyone worried an $80 price tag might be on the cards following all that recent hoo-ha; the standard edition does not, it turns out, cross Gearbox boss Randy Pitchford’s “real fan” threshold.

Pitchford, of course, raised more than a few eyebrows last month, when he implied potential customers not willing to spend $80 on Borderlands 4 (amid a hypothetical discussion of its price tag) weren’t ‘real fans’. His statement – that “real fans” would find a way to get their hands on a copy of the game, even if it came with a $80 price tag – did not go down well, and Pitchford later attempted to justify his comments in a longer video. Unfortunately, he then followed that up with another ill-conceived social media post irritated fans quickly branded “tone-deaf”.

But it turns out Pitchford could probably have avoided needlessly annoying the Borderlands community if he’d just held fire a little longer. Take-Two has now confirmed Borderlands 4 will, in fact, cost $70 for the standard edition of the game – but the full story is a little more complicated given regional pricing, variations in platform pricing, and the usual scrum of special editions offering various strands of Borderlands stuff.

PC is where you’ll pick up Borderlands 4 cheapest; the standard edition costs £59.99 on Steam and Epic, and you’ll be paying £69.99 for the same version on Xbox Series X/S and PS5. That then climbs to £89.99 for the Deluxe Edition (which I suppose is now technically the Real Fan Edition given the price) and £119.99 for the Super (Fan?) Deluxe Edition.

And in case you’re wondering what the difference is, the Deluxe Edition features the game, the Bounty Pack Bundle (which includes four post-launch DLC packs promising new areas, missions, and bosses), plus Vault Cards containing more challenges and rewards, new gear and weapons, four new vehicles, Vault Hunter cosmetics, and the Firehawk’s Fury Weapon Skin.

The Super Deluxe Edition, meanwhile, includes all the above, plus the Ornate Order Pack (featuring Vault Hunter Skins, four Vault Hunter Heads and four Vault Hunter Bodies), and the Vault Hunter Pack. This latter includes two post-launch Story Packs, each bringing a new Vault Hunter, new story and side missions, new map regions, new gear and weapons, plus additional Vault Hunter and ECHO-4 cosmetics.

So to recap, Borderlands 4 – now with less toilet humour! – launches for Xbox Series X/S, PS5, and PC on 12th September. But for something a little bit different, why not check out Connor’s investigation into the community of archivists racing to revive a dead Borderlands MMO.

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June 16, 2025 0 comments

Crypto Trends

Cardano Founder Announces $100 Million Bitcoin Buy In Shocking Move To Prop Up ADA Price

by admin June 16, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Charles Hoskinson has made an interesting proposal in a bid to boost Cardano’s DeFi ecosystem. The Cardano founder proposed creating a sovereign wealth fund, which could include up to $100 million worth of Bitcoin, potentially sparking an ADA price surge.

Cardano Founder Proposes Bitcoin Purchase To Boost ADA Price

In a recent podcast, the Cardano founder proposed the conversion of 5% to 10% of the treasury into assets like Bitcoin and stablecoins. Hoskinson suggested that this move is unlikely to negatively impact the ADA price but rather serve as a catalyst for a price surge. This proposal forms part of the move to create a decentralized Sovereign Wealth Fund for Cardano’s DeFi ecosystem.

Hoskinson further explained that this Sovereign Wealth Fund can be used to generate yields, while they will use the proceeds to purchase more Cardano and boost the ADA price. Over time, he believes they will be able to replenish the ADA, which they initially converted to Bitcoin and other crypto assets. The Cardano founder noted that they could continue this strategy on an annualized basis if it is successful.

He envisions that over the next five to ten years, they could potentially grow to become a billion-dollar stablecoin and Bitcoin treasury to augment the ADA price in the treasury. The Cardano founder remarked that this sets them up for great returns and a stable floor for the ecosystem.

Besides boosting the ADA price, Hoskinson also highlighted how this move could put Cardano on par with the likes of Solana and Ethereum. He noted that Ethereum and Solana are ahead in terms of stablecoin-to-TVL ratios, which enables them to lead in decentralized finance (DeFi). However, with this conversion, Cardano could increase DeFi activity on the network and ultimately increase its total value locked (TVL).

Comments On The Proposal

In an X post, a prominent Cardano community member, ‘Cardano Whale’, stated that they cannot support the 140 million sell pressure in current market conditions. The community member is apprehensive about how such a sale could negatively impact the ADA price. However, Cardano Whale acknowledged that this move could strengthen the Cardano DeFi ecosystem “significantly.”

The community member further remarked that such a sale is more appropriate when the ADA price is flying high and has turned, and then everyone has resigned to a new bear market. In response, the Cardano founder stated that the markets are deep, suggesting that such a sale is unlikely to impact the price.

Charles Hoskinson added that they could convert 140 million ADA over a week or so without moving the market using over-the-counter (OTC) and time-weighted average price (TWAP) strategies.

At the time of writing, the ADA price is trading at around $0.64, up almost 2% in the last 24 hours, according to data from CoinMarketCap.

ADA trading at $0.64 on the 1D chart | Source: ADAUSDT on Tradingview.com

Featured image from Shutterstock, chart from Tradingview.com

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June 16, 2025 0 comments

GameFi Guides

Saylor’s Strategy Adds $1B in BTC as Bitcoin Price Holds Steady

by admin June 16, 2025

Strategy, the world’s largest corporate holder of Bitcoin, announced that it purchased another $1 billion worth of Bitcoin on Sunday, Sunday, June 15, 2025., amid the tensions in the Middle East, including an Israeli strike on Iranian nuclear sites.

Strategy buys more Bitcoin | Source: X

According to the founder, Micheal Salyor on X, Strategy bought 10,100 Bitcoin at an average price of $104,080 per coin, after Bitcoin dropped from $110,000 to a low of $103,639 during the same week. The software company now has a total Bitcoin stash of around 592,100 BTC. This is worth over $64 billion at the current rate.

This is Strategy’s second purchase this month. It has spent roughly $41.8 billion so far to build this holding, at an average of $70,666 per coin. Moreover, this new buy came just days after the company launched trading of its third Bitcoin-backed preferred stock, STRD, on the Nasdaq.

According to the announcement, Strategy funded the bulk of the purchase using proceeds from the STRD offering. The 10% Series A Perpetual Stride Preferred Stock was issued at $100 per share, raising around $979.7 million after costs.

The company also used funds from other share sales, including those from STRK and STRF preferred stock classes. The company used all of this money to buy more Bitcoin.

Strategy’s Bitcoin investment has gone up 19.1% this year. That’s up from 17.1% after its last buy on June 9. The company now hopes to reach a 25% gain by the end of the year. Back in May, Strategy raised this target from its original goal of 15%. For the current quarter, the investment is up 7.4%.

Meanwhile, Metaplanat, another Bitcoin Holding firm based in Japan announced just a few hours before Strategy that it also added 1,112 BTC worth $117.2 million to its holdings, This makes it a total of 10,000 BTC, which is the firm’s target for the year.

Saylor took to X to congratulate Metaplanet for the achievement. “Congratulations to @Gerovich , @DylanLeClair_ , and the entire $MTPLF team and shareholder community” he wrote.

As of the time of writing this report, Bitcoin is holding steady at around $107,700. This is a 2% increase over the last 24 hours, and it is gradually recovering since it hit its all-time high of $111,000 on May 22.

Also Read: Bitcoin Price Targets $168K on Cup-And-Handle Pattern Breakout

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June 16, 2025 0 comments

GameFi Guides

Ethereum (ETH) Price Prediction for June 16

by admin June 16, 2025

The market is back to green on the first day of the week, according to CoinStats.

ETH chart by CoinStats

ETH/USD

The price of Ethereum (ETH) has gone up by 3.41% since yesterday.

Image by TradingView

On the hourly chart, the rate of ETH keeps looking bullish. If the daily bar closes near the resistance or breaks it, one can expect a test of the $2,700 range soon.

Image by TradingView

On the longer time frame, the price of the chief altcoin is in the middle of the wide channel, between the support of $2,317 and the resistance of $2,857.

Best Buy Clears Out Samsung 10,000mAh Power Bank at 50% Off, Bringing It Close to a Near-Free Price

by admin June 16, 2025

Listen here, folks. This 10,000mAh Samsung power bank is down nearly 50% for a limited time. That brings the price to just $23 (down from $45). It’s equipped with two USB-C ports along with wireless charging panel. This means you can charge up three devices at once. Plug in your laptop and your phone while you’re smartwatch is recharging as well. And it’s is compact so it can store easily in a backpack or messenger bag.

See at Best Buy

10,000mAh is the total energy this power bank holds. To put that in more grounded terms, It can charge an iPhone 15 two times from zero percent to a hundred before running out. Similarly, it’s got just shy of two charges of a Galaxy S24 in it. It’s fast too, capable of charging your phone, laptop, or other devices at speeds of up to 25W.

The Nintendo Switch 2 just released and while reception has been positive, battery life on that thing leaves a little to be desired. Playing the new Mario Kart World in handheld will drain your battery from 100% to nothing in just over two hours. A power bank can extend the life of your console while on the go tremendously. It’s a great idea to keep one with you in your backpack.

The Main Use Case for a Power Bank

Don’t be like me. Recently I went on a trip to Spain. I was coming from New York and the flight was about seven hours or so, plus an hour connecting flight to our final destination. I used to have a good power bank, but I lent it to a friend and never got it back. I considered picking up a new one before the trip, but figured, “Ahh, I probably don’t need it. All planes these day have outlets and charging ports at your seat.”

Well, when I got there, the only port was a USB A. I went to pull out a charging cable and low and behold, it was USB C-to-C. All of my devices I had with me were USB C or my iPhone which again, the only cable I had was USB C-to-Lightning. Stranded in my aisle seat with a Nintendo Switch I forgot to charge and a laptop loaded with movies and shows with only about a half hour of use left. This flight sucked.

Don’t do what I did. Grab this travel-friendly Samsung power bank on sale for $23 and save $22. That’s a discount of almost 50%.

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June 16, 2025 0 comments

GameFi Guides

The 5 Bullish Cases That Says Ethereum Price Could Reach $10,000 In 2025

by admin June 16, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With the Ethereum price still trending low at $2,500, there is a lot of uncertainty surrounding the altcoin and where it could be headed. Mostly, expectations have fallen into the negative territory, with many predicting that it will continue its decline from here. However, there are some who continue to hold out hope for the second-largest cryptocurrency by market cap to end up outperforming the likes of Bitcoin, and reaching the 5-figure territory this year.

Crypto Analyst Puts Ethereum Price At $10,000

Amid the prevalent bearish sentiment surrounding the Ethereum price, crypto analyst Ash Crypto has remained steadfast in their belief that the altcoin is still destined for great things. Taking to the X (formerly Twitter) platform, the analyst gave a bold $10,000 prediction, backing it up with reasons why he believes that this target is attainable for Ethereum in the year 2025.

A number of reasons were given for why the crypto analyst expects the Ethereum price to rise 4x from its current level, and adoption was at the top of the list. Ash Crypto first points out the notable institutional buying that has been going on and how this is a precursor of what could be coming.

Mainly, the majority of the buying has been happening through ETF issues such as BlackRock, with large buys occurring over the last few weeks. During the time of the post, the analyst noted that these institutions had scooped up $240 million in ETH in just minutes, showing the buying trend was escalating.

Furthermore, he pointed out that these institutions were not just buying Ethereum for the sake of it. But rather, they were making large bets on the altcoin’s future. The major bet is the fact that they expect the Securities and Exchange Commission to actually approve ETH staking for ETF issuers, and if this happens, it has major implications for the price.

Giving a list of things that would happen when the SEC approves ETH staking for ETF issuers, the crypto analyst points to the fact that they would be able to earn yield on their investments. This would also make Ethereum the biggest technology in crypto, as staking brings more adoption.

Next on the list is the fact that this would allow trillions of dollars in real-world assets (RWAs) to be moved on-chain to Ethereum, thus boosting usage and adoption. Then, with the Ethereum deflationary supply being driven by the fee burn mechanism, supply is expected to shrink, and as demand rises, the value of ETH does as well.

Last but not least would be the fact that staking approval would allow institutions to earn passive income from staking ETH. This means that in addition to the returns they expect to get as the Ethereum price rises, they would also be getting extra income from staking the coins and keeping them locked up. “Smart money moves before the retail,” the analyst stated.

ETH price pushes back toward $2,600 | Source: ETHUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

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June 16, 2025 0 comments

Crypto Trends

Bitcoin Price Echoes 2021 Collapse, Warns Legendary Trader Peter Brandt

by admin June 16, 2025

Bitcoin’s chart structure is causing concern for veteran trader Peter Brandt as the legendary trader thinks it could be repeating the same price behavior that happened before the 2021 crash.

In a new post on X, Brandt shared a weekly Bitcoin chart that shows a sideways consolidation zone near recent highs. Something similar happened in late 2021, just before Bitcoin lost over 50% of its value.

But mining?

Another user pointed out that mining costs are a safety net, saying that Bitcoin’s current price sits much closer to its average production cost than it did in 2021, which could limit the risk of a major drop.

But Brandt disagreed, saying that production costs don’t matter much when it comes to commodities. He thinks that no matter how profitable it is, producers keep supplying the market with things like Bitcoin, gold, or agricultural products, and markets don’t care about cost-based floors.