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Chart of the week: XRP price trend reversal likely, could lead with double-digit gains

XRP trend reversal likely, could rally in double-digits

by admin May 30, 2025

XRP price is down 2% on the day and nearly 9% over the past seven days, extending its losing streak. The altcoin’s decline has been influenced by legal uncertainty in the Securities and Exchange Commission’s lawsuit against Ripple and the $50 million settlement figure. Bitcoin’s ongoing consolidation may also be contributing to indecisiveness among traders.

XRP price forecast

XRP is currently consolidating under the $2.36 level, which previously acted as key support. Technical indicators on the daily chart, specifically the RSI and MACD, support a bearish outlook for the XRPLedger’s native token.

XRP is currently 7.33% above its key support S1 at $2.0350, the 23.6% Fibonacci retracement of the decline from its 2025 peak of $3.4000 to the April low of $1.6134.

A 14% rally could see XRP test resistance at $2.5067, the 50% Fibonacci retracement of the drop from the 2025 peak.

XRP/USDT daily price chart | Source: Crypto.news

Conversely, a 7.33% decline could send XRP to collect liquidity at $2.0350. If XRP gathers momentum, a recovery is likely once it sweeps liquidity at the support level.

The weekly price chart shows mixed signals. RSI is close to neutral while MACD flashes red histogram bars. XRP could either extend consolidation or break out, depending on the catalysts. The FVG on the weekly price chart is a bullish one, between $2.1743 and $1.6300, meaning that once XRP collects liquidity here, it could attempt a recovery.

In its upward trend, XRP could test resistance at R1, R2, and the psychologically important levels of $2.5067, $2.8000, and $3, respectively.

XRP/USDT weekly price chart | Source: Crypto.news

XRP on-chain analysis

On-chain data from crypto intelligence tracker Santiment shows that among four segments of XRP holders, the retail or smaller wallet investors with balances of 10,000 to 100,000 and 1 million to 10 million XRP tokens have shown consistent accumulation in the last two weeks.

In the same timeframe, XRP wallets holding between 10 million and 100 million XRP and over 100 million XRP tokens have shed their tokens, likely realizing gains or rotating capital from XRP to stablecoins or other tokens.

This is typically not a bullish sign for the asset. However, if demand among segments holding smaller volumes is enough to absorb the selling pressure, it could prevent further decline in XRP price in the short term.

XRP supply distribution | Source: Santiment

Active addresses show a lack of participation from traders. Activity on the 24-hour timeframe is below average. The total number of holders has increased throughout 2025. However, consistent profit realization, as seen on the NPL metric, signals that selling pressure is piling up across exchange platforms.

Larger positive spikes in NPL can be considered a precursor to a sell-off in XRP.

XRP on-chain analysis | Source: Santiment

The Skull of Satoshi and XRP’s relationship with Bitcoin

Ripple CEO Brad Garlinghouse commented on the cross-border payment remittance firm’s donation of “the Skull of Satoshi,” an 11-foot-tall art installation by Benjamin Von Wong, a Canadian artist. Wong created the installation in collaboration with Greenpeace USA and unveiled it in March 2023.

Garlinghouse informed the XRP holder community on X that Ripple has donated the art piece to the Bitcoin community; it will be permanently on display at the Bitcoin Museum in Nashville.

While initially intended to critique Bitcoin’s power usage, the installation now represents the strength and adoption of BTC among corporates and retail investors, as miners shift to more sustainable alternatives over the years.

Garlinghouse shed light on the subject of similarities between Bitcoin and XRP and how the two cryptocurrencies have more in common than one may think.

The Skull of Satoshi was originally built to call attention to blockchain energy usage, and today it’s a symbol and reminder of Bitcoin’s incredible staying power to many around the world (including me!).

As crypto and blockchain technologies become widely used, respected and… https://t.co/BZfWui7xCF

— Brad Garlinghouse (@bgarlinghouse) May 28, 2025

Derivatives traders bet on XRP rally

Derivatives data platform Coinglass shows that traders on Binance and OKX are placing more bullish bets on XRP than bearish ones. Measured by the long/short ratio, the bullish sentiment could support a price gain thesis for XRP.

On Binance, the long/short ratio is 3.33; on OKX, it is 2.43. While there is a 10% decrease in open interest, options volume and options open interest soared in the last 24 hours.

XRP derivatives data analysis | Source: Coinglass

Corporate giant’s $121 million XRP bet

As seen in a press release on Wednesday, May 28, VivoPower International PLC (VVPR on Nasdaq) reached an agreement with certain investors for the purchase and sale of an aggregate of 20,000,000 ordinary shares of the company for approximately $121 million.

The raised funds will be directed toward the launch of an XRP-focused digital asset treasury strategy. This includes building finance applications on the XRPLedger ecosystem and acquiring XRP for the company’s treasury holdings.

VivoPower’s $121 million XRP bet is a unique one at a time when most Wall Street giants are acquiring Bitcoin for their balance sheets.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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May 30, 2025 0 comments

NFT Gaming

Bitcoin Holds Steady With Neutral Funding Rates, Leaving Room To Rally – Details

by admin May 30, 2025

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

Bitcoin (BTC) has remained range-bound for the better part of the last week, hovering just below its latest all-time high (ATH) of $111,980 reached on May 21. Despite this milestone, speculative activity appears to be subdued, as funding rates on Binance – one of the largest crypto exchanges – continue to be in neutral territory.

Bitcoin Funding Rates Remain Neutral Despite New ATH

According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin funding rates on Binance have stayed close to zero, even in the wake of a new ATH. This subdued level of funding suggests that excessive leverage among retail traders is currently absent – a positive sign for the sustainability of the ongoing rally.

Source: CryptoQuant

For the uninitiated, funding rates are periodic payments exchanged between long and short traders in perpetual futures contracts to keep the contract price aligned with the spot price. When the rate is positive, long traders pay shorts, and when it’s negative, shorts pay longs – reflecting market sentiment and leverage.

In the current context, funding rates near zero indicate a balanced sentiment between bulls and bears, with neither side aggressively leveraging their positions. This neutrality points to a more stable market environment, reducing the risk of sudden liquidations and price crashes.

Adding, Taha brought attention to recent long-side liquidations that occurred when BTC slipped below two crucial price levels, $108,500, and $107,500. These events were captured in the below Bitcoin Buy/Sell Pressure Delta (90) chart, which further supports the narrative of cautious market participation.

Source: CryptoQuant

If funding rates continue to hover around zero, it could pave the way for further sustainable growth in BTC’s price. Combined with the current Buy/Sell Pressure Delta – which remains far below previous peak levels – there appears to be considerable upside potential remaining.

Inflows From New Investors Remain Sluggish

While neutral funding rates offer hope for continued price appreciation, on-chain data shows some signs of concern. The Unspent Transaction Output (UTXO) Age Band distribution indicates that inflows from new investors – those holding BTC for less than a month – remain sluggish, even after the recent ATH.

In a separate Quicktake post, analyst Avocado_onchain noted that the share of new investors has lingered around 30% during the current cycle, compared to over 50% in past bull runs. They cautioned:

In summary, if past patterns hold true, Bitcoin’s upside may be limited without significant inflows from new investors. For now, monitoring the growth in the share of new investors will be key to assessing future market direction.

Meanwhile, the Golden Ratio Multiplier suggests that BTC could soon enter a fresh price discovery phase, with potential targets as high as $130,000. At press time, Bitcoin trades at $107,617.

BTC trades at $107,617 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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May 30, 2025 0 comments

GameFi Guides

Bitcoin Index Shows Early Upside Signal: BTC Price Rally Next?

by admin May 29, 2025

BCMI suggests potential BTC price uptrend
Bitcoin price dips slightly

While the cryptocurrency market appears quiet on the surface, an important indicator suggests that there may be a shift in Bitcoin sentiment.

The 7-day moving average of the Bitcoin Combined Market Index (BCMI) has risen to about 0.6. Traders often see this increase as an early sign of optimism.

BCMI suggests potential BTC price uptrend

In contrast, the 90-day average of this index remains stable at 0.45, suggesting that the market isn’t overheated yet. The BCMI is a combination of many factors like the Fear & Greed Index, unrealized gains (NUPL), investor profitability (MVRV), and spending trends (SOPR).

Source: CryptoQuant

When this index is below 0.15, it is a sign of extreme fear and a possible buying opportunity. But if it rises above 0.75, it is a sign of excessive excitement, a warning sign that a downturn could happen soon.

However, the occurrence of the rebound during a period when there’s a slowdown of profit-taking is a shift that happens before accumulation phases. During this phase, investors accumulate BTC more aggressively.

The change in the BCMI suggests underlying strength while the broader market remains cautious.

Bitcoin price dips slightly

BTC experienced a 0.9% drop in price to $106,057 in the last 24 hours, according to TradingView data. The 4-hour timeframe of the TradingView chart includes Fibonacci retracement levels, a tool for identifying possible support and resistance zones.

Source: TradingView

The key levels highlighted were $110,000, $100,000, $95,000, and $80,000. These are price points where Bitcoin’s price could face selling pressure or find stability in the short term. In addition, the Average Directional Index (ADX), which measures trend strength, stood at 20.73.

This figure points to some directional momentum in the market, even though it doesn’t indicate an extremely strong trend. The recent dip, though minor, is proof of a consolidation period after price uptrends earlier in May.

The Relative Strength Index (RSI) at 35.75 is near the oversold region, suggesting that selling activity is nearing exhaustion even though it was previously aggressive. Earlier today, popular American financier

Anthony Scaramucci predicted that the excessive spending of the U.S. government could cause Bitcoin to trade at $500,000 soon.

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May 29, 2025 0 comments

NFT Gaming

Analysts Are Predicting XRP Price To Climb Above $20 In Unexpected Rally

by admin May 29, 2025

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

XRP has continued to attract bullish attention despite the current uncertainty surrounding its price action, with its price now trading around the $2.30 level at the time of writing. Nonetheless, recent activity around XRP on social media points to the possibility of a move to double digits, as prominent analysts on X continue to signal that a major rally may be imminent. The sentiment is being amplified by both technical patterns and social media posts predicting an unstoppable surge to $20 and beyond.

JackTheRippler’s No Warning Surge Forecast

One of the loudest bullish voices at the moment is JackTheRippler, a well-followed analyst on X with nearly 390,000 followers. In his recent post on the platform, the analyst warned that XRP is going to pump without any warning. This is a remark that reflects the spontaneous nature of XRP’s previous major moves, especially considering the price action in Q4 2024 that sent the XRP price surging to multi-year peaks and just short of its 2018 all-time high of $3.40.

Attached to his post is a chart showing a textbook Elliott Wave structure. According to the wave count, XRP has completed wave (i) and is currently completing a corrective wave (ii) structure. If the wave count holds, wave (iii) would be explosive, as it is the strongest wave in Elliott theory. According to his projection, the impulsive wave (iii) will push the XRP price towards $16 before another wave (iv) consolidation. Lastly, the projection shows that the final wave (v) will stretch XRP’s price into the $30+ range.

Source: JackTheRipper on X

Final XRP Wave Starting Now

Adding further to the bullish outlook is another analysis shared by crypto trader STEPH. His chart offers a slightly different analysis from JackTheRippler but no less aggressive forecast. Unlike the wave-based projection from JackTheRippler, STEPH’s chart breaks down XRP’s rally into three distinct momentum phases labeled Pump 1, Pump 2, and the upcoming final pump.

According to his weekly candlestick timeframe chart, XRP has already experienced two major bullish phases in the current cycle since July 2024. However, its price has spent the last 16 weeks or so in sideways consolidation, but this is seen to be a resting phase before a new leg up.

STEPH’s chart illustrates this by showing XRP coiling just beneath the $3 mark inside a range that began in early 2025. Nonetheless, the analyst projected a final third pump, drawn in another red box, that suggests a rally that could take XRP directly into the $25 to $40 range.

Both analysts present an interesting case for XRP’s bullish future, with price targets ranging from $20 to beyond $30 in the months ahead. It is important to note that while these technical setups show strong potential, confirmation is still necessary. A breakout above $3.40 with high volume would provide that confirmation and cause inflows of new capital into XRP.

Until then, the cryptocurrency is in an accumulation phase. At the time of writing, XRP is trading at $2.29, down by 0.3% in the past 24 hours.

XRP trading at $2.29 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 29, 2025 0 comments

Crypto Trends

Bitcoin Big Money Moves: Whale Wallet Addresses Increase Sharply Post-BTC Rally To New Highs

by admin May 29, 2025

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

Following a sudden wave of volatility that caught the general crypto market off guard, the Bitcoin price, which had recently hit a new all-time high, has now declined to the $107,000 threshold. However, BTC’s recent rally to a new high has since triggered heightened interest in the flagship digital asset, as evidenced by a sharp increase in the count of major investors.

Large Bitcoin Investors’ Interest Soars

In the wake of Bitcoin’s explosive rally to a new all-time high, a notable performance has been observed among BTC whales, also regarded as seasoned investors. During this period of bullish movements, these large investors have steadily increased in size and accumulation of the digital asset.

The sharp increase in whale participants was reported by Santiment, a leading market intelligence and on-chain data platform, in a recent post on the X platform. According to the on-chain platform, this bullish behavior is mainly seen among whale wallet addresses holding between 100 BTC and 1,000 BTC.

Data from the platform reveals that the number of these big wallet addresses has grown by an additional 337 wallets in the past 6 weeks, indicating a resurgence of robust confidence and accumulation by high-net-worth investors. This kind of euphoria among big investors often implies a bullish short-term outlook for BTC’s price.

BTC whales are accumulating more coins | Source: Santiment on X

It is essential to note that no wallet tier has been more closely correlated with cryptocurrency markets over the last five years of Bitcoin’s existence than the actions of whales holding between 100 and 1,000 BTC. The increase in large-holder wallets suggests that long-term investors and institutional players may be positioning themselves for further growth, which could support the next phase of the ongoing bull market.

Santiment’s data further shows that these investors have massively accumulated BTC in the past 6 weeks. During this period, the cohort has purchased over 122,330 BTC, suggesting a strong conviction in the flagship asset’s long-term prospects.

Historically, it is shown that a surge in whale presence and buying activity has preceded significant market movements. As a result, this development might play a crucial role in BTC’s next major move.

A Rise In Optimism Among BTC Whales

Since Bitcoin gained traction, whales have been returning to the market at a noticeable rate. Glassnode, a leading data analytics platform, also reported a similar bullish trend among larger investors, particularly wallet addresses holding 1,000 BTC or more.

According to the on-chain platform, the cohort is increasing again after declining in late April. Data shows that the number of these large investors has reached 1,455 entities even as BTC’s price surged to a new all-time high days ago.

Another indication that large investors are becoming extremely bullish about BTC once again is the rise in long positions. João Wedson asserted that whales are starting to go long compared to retail investors currently, as the asset hovers above the $107,000 level.

BTC trading at $107,826 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 29, 2025 0 comments

NFT Gaming

PEPE to Erase One Zero? Bullish Rally Normalizing

by admin May 29, 2025

Pepe (PEPE), the frog-themed meme coin, has increased in value in the last 30 days by 60.88%. This confirms that the meme coin has been on a steady rise. Despite general market fluctuations that have hit other meme coins in the ecosystem, Pepe’s bullish rally could see it erase one zero from its price.

PEPE’s volume spikes, RSI supports further growth

According to CoinMarketCap data, market sentiment is bullish, as investors are heavily transacting PEPE. In the last 24 hours, trading volume has increased massively by 55.47% to $1.69 billion. Meanwhile, technical indicators such as the relative strength index (RSI) are less than 60, showing that the market is not overbought.

Could Pepe rally to short-term target of $0.000035?

In the short term, PEPE indicators suggest it could reach between $0.00002322 and $0.000035 before the end of June. This requires Pepe to experience a minimum of approximately 65% increase.

Bitcoin Demand In US Grows: Coinbase Premium Index Back In Positive Zone Amid BTC’s Rally

by admin May 29, 2025

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

Even with Bitcoin’s price experiencing waning performance or growing bearish pressure, bullish sentiment continues to increase strongly in the broader crypto market. Following the recent rally to a new all-time high, there has been a notable improvement in the BTC’s Coinbase Premium Index.

Positive Bitcoin Coinbase Premium Index

Bitcoin’s price may have experienced a slight pullback, but several key aspects still indicate a potential continuation of its recent upward trend. As the flagship digital asset gears up for an extended rally, Alphractal, an on-chain data analytics platform, mentions that a key market indicator is flashing signs of renewed investors’ interest.

In its post on X, the platform announced that Bitcoin’s Coinbase Premium Index has returned to positive territory after rallying to a new all-time high. This bullish shift has ignited newfound optimism in the market, generating more interest in the crypto giant.

Specifically, the Coinbase Premium Index is a crucial market indicator that calculates the difference in Bitcoin’s price on the Coinbase exchange and other international crypto exchanges. The index’s move into positive territory implies that many traders in the United States are once again paying more to purchase BTC. “During Bitcoin’s latest rally, the Coinbase Premium Index turned positive again, signaling significant buying pressure from the U.S. market,” the platform stated.

Coinbase premium resuming its bullish course | Source: Alphractal on X

Alphractal noted that when the metric is positive, as it is now, it indicates that BTC is trading at a premium on the Coinbase exchange, which represents stronger demand from US-based markets. Such a pattern is frequently linked to institutional accumulation and an increase in local demand. According to the on-chain expert, the shift is a signal worth paying close attention to in the recent market trends.

Presently, the development provides Bitcoin’s ongoing upward trend an additional boost and may support the current bullish market sentiment. With the growing adoption and interest in BTC from US investors, the flagship asset could be poised for another major rally as seen in past scenarios, suggesting that the bull market is not yet over.

A Resurgence Of BTC’s Whale Investors

Heightened interest has gained steam among major BTC investors. While prices have briefly declined, the number of whale wallet addresses holding 1,000 BTC or more has started to climb once again, a trend that signals renewed conviction in the asset.

A recent report from Glassnode shows that these large investors have begun increasing after dropping in late April. From late April till now, this cohort rose to 1,455 even as BTC’s price surged to a new all-time high days ago.

This increase amidst the current consolidation phase raises the possibility that long-term investors and institutional players are capitalizing on recent price swings and preparing for a future change in the market. Since growing whale accumulation has historically led to major moves, this development could be a bullish indication of a sustained uptrend.

BTC trading at $109,065 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 29, 2025 0 comments

Crypto Trends

Pepeto, Solaxy stand out as leading crypto presales amid altcoin rally

by admin May 28, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As altcoins heat up alongside the Nasdaq, Pepeto emerges as the memecoin to watch before its presale window closes.

According to the latest news, the rally in altcoins is picking up speed alongside the green moves in the Nasdaq composite. With DOGE and ETH price pushing higher and PEPE Coin maintaining attention, this could be the beginning of a new alt season.

Historically, the biggest gains haven’t come from buying at the top, but from spotting strong projects during their ICO or presale phase. That’s where fortunes are made, and smart investors are watching closely.

Why analysts move toward Pepeto before the presale closes

Not all presales are created equal. In a sea of overpromised crypto projects, two names are starting to stand out, Pepeto and Solaxy. But when the dust settles, only one seems ready to deliver something beyond hype.

Both claim to change the game. But while Solaxy talks theory, Pepeto is building. Fast. It’s not just catching attention, it’s converting believers. And that’s a sign worth watching.

Pepeto: From meme to market mover

Pepeto doesn’t just ride the meme wave, it’s steering it. It wraps the fun of internet culture with a utility-first structure: staking rewards, a zero-fee exchange, and a cross-chain bridge. That’s not just noise, it’s what the meme sector has been missing. This time, investors get both the laughs and the logic.

And PepetoSwap? It’s on the way, built for memecoins, powered by actual demand. No recycled roadmaps here. Just smart timing, strong execution, and a fresh strategy that memecoins like Pepe never offered.

Solaxy: A fancy layer?

Solaxy wants to be the first Layer 2 on Solana, but that’s like installing an elevator in a one-story house. Solana is already fast and low-cost. It doesn’t need the fix Solaxy is trying to sell. That leaves investors wondering if the project is about real value or just clever packaging.

Even with a working testnet bridge through Hyperlane, the problem isn’t code, it’s purpose. Solaxy’s tech might be solid, but it’s not clear who needs it or why. And in crypto, uncertainty kills momentum.

In crypto, clear narratives win: Pepeto has one

Solaxy may be making quiet moves on the backend, but Pepeto is building in public. The branding hits. The story sticks. The product is rolling out. That’s what gets early investors excited.

The staking reward alone, 287%, is turning heads. But add in a presale nearly maxed out at $5.2 million, and five big exchange listings already lined up, and it’s obvious: Pepeto is not just another memecoin. It’s a setup for serious growth.

Presale urgency: The window is closing fast

Unlike vague timelines, Pepeto is putting everything on the table, and it’s happening now. With only a sliver left before a price hike, the momentum is building fast.

This isn’t just about buying in early. It’s about entering a token that’s positioning itself right, community-first, feature-ready, and exchange-backed before day one.

Tokenomics that actually make sense

Pepeto doesn’t inflate for headlines. With 420 trillion total supply and rewards released slowly, 32 million tokens per ETH block, it’s designed to grow without imploding. No sudden dumps. No hidden traps. Just consistent delivery.

It’s proof that memecoins don’t need to be empty shells. They can be built with brains, and still deliver fun.

Price forecast: One might jump, the other might soar

Solaxy could deliver a short-term boost, maybe 300% to 400% after listing, thanks to its tech updates and testnet rollout. But long-term? Its ceiling feels close.

Pepeto, on the other hand, is building on a story that’s already alive. With the same 420 trillion max supply as Pepe, strong staking rewards, and growing rumors linking it to Pepe’s untold history, it’s got fuel most tokens only dream of. Add the tools, the timing, and the hype, and it’s not hard to see why many believe Pepeto could climb 100x from here.

Pepeto might be the comeback of the year

Missed Pepe at the start? Pepeto could be investors’ second shot. This isn’t just another memecoin, this one has a mission, real tools, and a story that’s turning heads. If it gets listed on a top exchange, things could move fast. People are watching, and loading up.

Here’s what gives Pepeto its edge:

A special exchange just for memecoins
Easy cross-chain trading with its own bridge
Zero fees for every swap
A story of comeback, built by the community

About Pepeto

Pepeto is what happens when memecoin culture meets real tech. It combines humor, utility, and smart design to reshape what a modern memecoin can be. With PepetoSwap, staking, and multi-chain bridges, it’s creating a real home for meme traders, and doing it early.

Traders can go to pepeto.io, connect their MetaMask or Trust Wallet, and get their PEPETO tokens using ETH, USDT, or BNB.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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May 28, 2025 0 comments

Dow drops 115 points as S&P 500’s six-day rally ends

NFT Gaming

US stocks rally as Trump delays EU tariffs, boosts trade optimism

by admin May 27, 2025

U.S. stocks soared Tuesday after President Donald Trump agreed to delay a proposed 50% tariff on European Union imports.

This pause eased investor concerns over an escalating trade war and paved the way for accelerated negotiations.

The Dow Jones Industrial Average rose nearly 740 points while the S&P 500 climbed 2.05%. The tech-heavy Nasdaq Composite jumped 2.46%, with shares of Nvidia, Tesla, and Apple posting strong gains.

Markets reopened following the Memorial Day holiday to a flurry of positive signals. U.S. President Donald Trump said over the weekend that the tariff hike, initially set for June 1, would be pushed back to July 9 following talks with European Commission President Ursula von der Leyen.

The European Union, in turn, agreed to expedite trade discussions in hopes of averting the “mutual pain of tariffs,” according to EU trade chief Maroš Šefčovič.

Consumer confidence rebound

Investor sentiment was further buoyed by a rebound in consumer confidence, which rose in May after five months of declines. Tuesday’s broad market rally saw more than 90% of S&P 500 components close higher. Small-cap stocks also gained, with the Russell 2000 up more than 2%.

The optimism extended to the bond market, where U.S. Treasurys rallied and yields fell. The 10-year yield slipped to 4.43%, while the 30-year yield dropped to 4.94%. The dollar strengthened, and global bond markets responded positively to speculation that Japan will scale back long-term bond issuance after recent volatility.

Investors are now turning attention to a busy week of economic data and earnings. Minneapolis Fed President Neel Kashkari called for the central bank to hold interest rates steady amid ongoing trade uncertainty.

Meanwhile, Nvidia is set to report quarterly results Wednesday, with Okta, Macy’s, and Costco also on deck.

Tuesday’s rally helped reverse last week’s losses, which were triggered by Trump’s initial tariff threats. Analysts say the back-and-forth has kept markets volatile but hopeful.

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May 27, 2025 0 comments

Game Updates

After parting ways with EA, WRC gets new home and six-year deal to “reboot” rally series

by admin May 27, 2025

A month after EA announced it was ending its partnership with the World Rally Championship, and “pausing development” on all future rally games, publisher Nacon has revealed it’ll be the new home of official WRC titles starting 2027, in an agreement initially spanning six years.

EA inherited the World Rally Championship license as part of its acquisition of UK racing game specialist Codemasters in 2021, and its first WRC title – EA Sports WRC – released two years later in 2023. Last month, however, the publisher revealed it had “reached the end of the road working on WRC”, leaving the future of rally gaming somewhat uncertain given it also confirmed it was laying off staff and “pausing development plans on future rally titles”.

But less than a month later, a fresh World Rally Championship deal has been struck with a new company, Nacon – the publisher behind the likes of RoboCop: Rogue City and last year’s disappointing Test Drive Unlimited Solar Crown. It’s perhaps not a huge surprise, given Nacon (formerly Bigben Interactive) previously held the WRC license between 2013 and 2022, and released nine titles in that time, culminating in WRC Generations.

EA’s first – and only – WRC effort launched in 2023..Watch on YouTube

As detailed in today’s announcement, Nacon’s new agreement “covers the development and publishing of the official WRC games and eSports competitions, granting [the company] exclusive rights for PC and consoles for six seasons, from 2027 through 2032.”

Nacon adds it’s now set to begin development of an “all-new WRC game series, aiming to deliver an immersive experience that faithfully reflects the reality of the championship and meets the expectations of both rally enthusiasts and new players”. These titles will mark a “complete reboot of the franchise”, and will include the likes of official rallies, vehicles, teams, drivers, and sponsors.

“After a comprehensive evaluation, we are delighted to have reached an agreement with Nacon,” World Rally Championship chief marketing officer Arne Dirks said in a statement accompanying today’s new. “[Its] vision for the franchise stands out, and their expertise in delivering great rally games is unquestioned. We look forward to breaking new ground together in this collaboration, to truly turn the WRC games into epic adventures and offer gaming experiences beyond rally as we know it today.”

The most recent game to release under the WRC license was the Codemasters-developed EA Sports WRC, which launched in 2023. Eurogamer called it a “joyous and rugged display of rally racing, with exquisite handling, lightly flecked by technical issues”, in our four star review.

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May 27, 2025 0 comments