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stalls

James Wynn takes $5.3m loss, bets $1.2b on Bitcoin lifeline
GameFi Guides

Bitcoin price stalls as spot ETFs bleed for second week

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Bitcoin price has stalled at $105,000 amid increasing spot ETF outflows and as sentiment among investors turned to neutral. 

Bitcoin (BTC) was trading at $105,550 on Sunday, June 8, up by 5% from its lowest point last week. It remains 5.75% below its highest point this year.

Bitcoin has wavered recently because of investor profit-taking. In May, its price surged to a record high of $111,900, a 50% surge from the lowest level in April.

BTC also wavered as data pointed to outflows from exchange-traded funds. SoSoValue data shows that these ETFs shed $128 million last week after shedding $157 million a week earlier. It was the first back-to-back weekly outflows since April.

Further data shows that sentiment among crypto investors has turned neutral this month. The closely-watched fear and greed index has dropped to the neutral point of 56. 

Bitcoin has also wavered after reports emerged that China was considering selling its seized coins. Data shows that it holds 190,000 coins worth over $20 billion.

Still, Bitcoin has two key catalysts that may push it higher in the coming weeks. First, the chart below shows that the supply of Bitcoin on exchanges has been in a freefall this month and currently stands at 1.18 million, down from 1.35 million when the month started. It has fallen from over 3.5 million in 2020.

Bitcoin supply on exchanges | Source: Santiment

Second, more companies are intensifying their Bitcoin purchases. Strategy is raising over $2 billion more to buy Bitcoin, while Trump Media has filed to raise up to $12 billion for purchases. Other firms like MetaPlanet and The Blockchain Group are intensifying their purchases.

Bitcoin price technical analysis

BTC price chart | Source: crypto.news

The other Bitcoin catalyst is its solid technicals. The daily chart shows that it has slowly formed a cup-and-handle pattern and is completing the handle section. 

Bitcoin has also remained above the 50-day and 200-day moving averages, which provide substantial support. It has also remained above the major S/R pivot point of the Murrey Math Lines tool. 

Therefore, the coin will likely bounce back in the coming weeks. The initial target is the cup’s upper side at $109,477. After moving above the all-time high of $111,900, it may surge to $150,000.



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NFT Gaming

Crypto rally stalls, BTC Vegas today, Circle files for IPO

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Crypto rally stalls, BTC Vegas today, Circle files for IPO

Crypto rally stalls, BTC Vegas today, CIRCLE files for IPO
FOMO HOUR EP365

BTC rally stalls under $110k on profit taking. BTC options OI hits new record. Hyperliquid whale loses $67m in 5 days. SOL co-founder sees KYC details doxxed. Trump Media denies plan to buy $3bn of crypto. Bitcoin Vegas begins today. Strategy acquires $427m BTC. Blockchain Group issues EUR63m bond to buy BTC. Onchain proof-of-reserves a bad idea: Saylor. Florida could end cap gains tax on crypto, stocks. SUI to allocate $10m for security. Circle files for IPO, denies sale talks. SBF’s sentence to be reduced by 4+ years. Tom Brady invests in Catena Labs. Alpaca Finance to wind down. Meteora now top fee-generating dApp on SOL. Bitlayer collabs with major mining pools on BitVM. Thailand to integrate crypto payments for services.

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Bitcoin short-term holder cost basis (Bitcoin Magazine Pro/Bitfinex)
Crypto Trends

BTC Price Rally Stalls as Short-Term Holders Take $11B Profits

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After softly rising over the weekend, bitcoin

slipped back to $109,000 on Monday in sluggish trading as traditional U.S. markets remained closed in observance of Memorial Day.

The top cryptocurrency is still up 1.7% in the last 24 hours and only a breath away from the all-time high it notched last week.

Looking at the CoinDesk 20 — an index of the top 20 digital coins by market capitalization, except for stablecoins, memecoins and exchange coins — the day’s big winner is decentralized exchange Uniswap

, which saw its token rise 6.6%. Tokens for Chainlink and Avalanche also gained 3.3% and 3.4% respectively.

The gains happened overnight, spurred by the Trump administration’s temporary walkback on EU tariffs. Trump said on Sunday that the implementation of 50% tariffs on EU goods — which on Friday he’d called to go into effect on June 1 and caused a sell-off in risk assets including cryptocurrencies — would be delayed until July 9. European stocks, initially shaken by the threat, rebounded on the news.

Short-term holder profit-taking intensifies

While the crypto market retraced some of the losses in the weekend tumble, BTC has likely entered a choppy phase as traders digest the rapid, almost 50% run from the April lows, Bitfinex analysts said in a Monday report.

Increased profit-taking by short-term holders could also cap bitcoin’s near-term upside: this investor cohort realized $11.4 billion in cumulative profits over the past 30 days, compared to $1.2 billion in the previous 30-day period, the report noted.

“At these levels, the risk emerges that profit-taking outpaces new demand inflows,” Bitfinex analysts wrote. “Unless thereʼs a corresponding rise in new capital entering the market to absorb this supply, prices may begin to stall or even retrace.

“The next few days will be key to gauge whether the dip to $106,000 has set the range lows or a bigger reset is in the cards, the report said. If a deeper pullback materializes, the key level to watch is the short-term holder cost basis around $95,000, the average price this group bought the asset, the authors noted.

Bitcoin short-term holder cost basis (Bitcoin Magazine Pro/Bitfinex)

Strong inflows to U.S. spot bitcoin ETFs — totaling $5.3 billion in May so far —, low volatility and lack of froth suggest that bitcoin will likely resume its uptrend into the third quarter of the year after a pause, the analysts argued.

Read more: Bitcoin Regains $110K After Weekend Sell-Off; ADA, DOGE Lead Uptick in Crypto Majors



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SUI stalls below resistance amid $223M Cetus Protocol hack
GameFi Guides

SUI stalls below resistance amid $223M Cetus Protocol hack

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SUI is trading at $3.62 at press time, down 1% in the past 24 hours, as the token struggles to recover from the aftermath of the $223 million Cetus Protocol hack on May 22.

The attack, which is one of the biggest decentralized finance hacks this year, has cast a shadow over Sui’s (SUI) ecosystem. It has sparked concerns about the network’s decentralization and stalled bullish momentum. Before the attack, SUI had risen more than 60% in a month, peaking on at around $4.29 on May 12.

Sui’s impressive rally was thanks to the growing interest in real-world asset tokenization and new institutional partnerships. But the attack triggered a sharp sell-off, with SUI dropping almost 14% in a day. It’s now down nearly 20% from its pre-hack levels and trading in a range between $3.48 and $3.62. 

The exploit targeted flaws in Cetus’s smart contracts using spoof tokens like BULLA and MOJO to manipulate price feeds and deplete liquidity pools. The SUI/USDC pool alone had about $11 million stolen from it. Trading was halted, and the total value locked on the Sui chain fell from $2.13 billion to $1.92 billion.

Cetus protocol’s native token fell by 40%, and due to the loss of liquidity, USD Coin (USDC) momentarily lost its dollar peg. Sui validators successfully froze $162 million of the stolen assets by blacklisting the attacker’s wallet. This prevented most of the funds from leaving the network, but it raised questions about the true extent of validators’ power. 

Critics argue that freezing transactions on demand goes against the idea of decentralization. Some pointed out that a small number of validators and insiders may control most of the network, with very few users participating in governance.

On the market side, Coinglass data shows that derivatives volume in the last day has jumped nearly 40% to $3.57 billion, suggesting increased short-term interest, likely from volatility traders. At the same time, open interest dropped 2.9% to $1.77 billion, showing signs that some traders may be pulling back or taking profits.

Technical indicators show mixed signals. The relative strength index is neutral at around 50. Short-term momentum indicators point to a possible upside, but the moving average convergence divergence is showing a bearish crossover. Short-term moving averages indicate downward pressure, while longer-term indicators provide more bullish signals.

Sui price analysis. Credit: crypto.news

The 50-, 100-, and 200-day moving averages are all flashing buy signals, suggesting that if SUI can withstand the damage caused by the hack, it will continue to be in an overall upward trend. For now, SUI is stuck below the $4 resistance. Traders are watching closely to see whether it can break above or if the fallout from the Cetus hack will keep weighing on the market.



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Solana price path to $200 stalls as transactions and addresses jump
GameFi Guides

Solana price path to $200 stalls as transactions and addresses jump

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Solana’s price path to $200 hit a challenge, as it stalled after finding strong resistance at $185 last week.

Solana (SOL) traded at $173.62 on Sunday, May 25, 7.25% from its highest level this month. It remains up by 82% from its lowest level this year. 

Third-party data shows that the Solana network and its ecosystem have done well in the past few weeks. The market cap of all meme coins on its ecosystem has risen to $14 billion from last month’s low of $6 billion. 

Solana’s transactions and active addresses have continued rising. Its transactions have increased by 7.3% in the last seven days to 462.5 million, a figure higher than the biggest chains, combined. For example, BNB Chain had 80 million transactions, while Base, Tron, and Near Protocol had $64 million, 62 million, and 42 million, respectively. 

Solana is also the most used blockchain network; its active addresses rose to over 34.7 million. In contrast, Base has 9.2 million, BNB has 7.8 million, while Ethereum has over 2.1 million addresses. 

Solana leads all chains on active addresses and transactions | Source: Nansen

Solana is also a major player in the decentralized exchange industry, handling $22.7 billion worth of transactions in the last seven days and $97 billion in the last thirty days. 

Solana price technical analysis

SOL price chart | Source: crypto.news

The daily chart shows the SOL price bottomed at $95.40 in April as concerns about its meme coins rose. It then rebounded to a high of $185 as other altcoins rallied. 

Solana has formed a small double-top pattern at $184.53 and a neckline at $159.45. A double-top is a popular bearish reversal pattern. 

On the positive side, the coin is about to form a golden cross pattern as the 50-day weighted moving average crosses the 200-day average. This pattern often leads to a strong bullish breakout. 

Therefore, the most likely Solana price forecast is bullish as long as it moves above the resistance at $184.53. Such a move will see it rise to the psychological point at $200, which is slightly above the 50% retracement level. 



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KindlyMD shareholders approve Bitcoin pivot via Nakamoto Holdings merger
NFT Gaming

Ethereum stalls despite new BTC ATH; Shiba Inu whales are buying this new ICO

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

Ethereum eyes a breakout past $3,000, Shiba Inu gains 20% in a month, and AI-powered Unilabs draws whale interest.

While it has been an exciting week for Bitcoin after registering a new high, the same can’t be said for altcoins. The Ethereum price has been underwhelming despite BTC crossing $111,000, but a bounce might be close. Meanwhile, Shiba Inu coin whales have been doubling down on Unilabs (UNIL), a new ICO. 

This new player stands out for its deep AI integration and blend of TradFi and DeFi. Its unique value proposition revolves around identifying high-potential digital assets early through artificial intelligence, thereby assisting retail traders to maximize gains — an AI-backed DeFi asset manager. With the UNIL token in presale, it is on experts’ lists of the best AI coins to buy now.

Unilabs: A new DeFi crypto to buy this cycle 

Unilabs, an emerging AI-DeFi coin, stands out in the ICO scene for its novelty. Early funding surpassing $810,000 highlights its upside potential and, most importantly, real-world applications. With over $30 million in Assets Under Management (AUM) as of the second quarter of 2025, the increasing demand and interest in this AI-driven DeFi asset manager is understandable. 

The goal of the platform is to democratize access to alpha by equipping retail investors with AI-enhanced portfolios and transparent performance metrics for better investment decisions. Key features include a mining pool, flash loan accelerator, stablecoin savings account, self-custodial asset value and cross-chain trading hub. 

Unlike conventional protocols, the UNIL protocol will operate a state-of-the-art mining pool with cutting-edge hardware. Further, its DEX aggregator will be compatible with multiple blockchains. Equally important, users will have full ownership and protection over their digital assets, self-custodial storage solutions. 

Ethereum: Primed for a breakout? 

Despite recording a 65% monthly gain, the Ethereum price has been underwhelming these past few days, especially with BTC reaching a new peak. It consolidated around $2,600, down from its 30-day high of $2,736. 

Nevertheless, the moving averages flash “strong buy.” The 9-HMA and 20-VWMA suggest now might be a great time to stack up. Reclaiming its monthly peak might ignite a rally toward $3,000, making the current Ethereum price a good entry. 

In addition, experts believe the Layer-1 altcoin is among this cycle’s best DeFi tokens to buy, especially with the ETH ETFs. Washigorira, a leading expert on Crypto Twitter, expects the Ethereum price to range between $3,000 and $3,500 in the coming weeks. VECTORCP, another crypto expert, echoes this bullish Ethereum price prediction — a run toward $3,200 and $3,800. 

Shiba Inu: 20% gain in the past month 

Like the rest of the crypto market, the Shiba Inu coin performed well this month — a 20% upswing in the past 30 days. The bulls maintain the $0.000015 price level, with a breakout expected to ignite a run toward $0.00002. 

BezosCrypto, with an optimistic outlook, targets $0.00017 this cycle, a bold Shiba Inu price prediction. LordOfAlts, also optimistic, believes the Shiba Inu coin rally is just starting, identifying the growing adoption of Shibarium as a bullish catalyst. 

At the same time, the Awesome Oscillator, Momentum (10) and 9-HMA suggest a big leap in the Shiba Inu coin price. However, given its strong memetic appeal and growing shift towards AI, Unilabs might be a more promising alternative this year. 

Unilabs: Why Ethereum and Shiba Inu whales are showing interest 

The UNIL presale races toward $1 million in funding, propelled by growing whale interest. Its higher upside potential as a low-cap coin makes it a more compelling alternative than the Shiba Inu coin. In addition, traders don’t need to break the bank before positioning for gains, unlike the high Ethereum price. 

To learn more about Unilabs, visit the official website, and Telegram.

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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Bitcoin breaks records, but Strategy stock stalls: here's why
GameFi Guides

Bitcoin breaks records, but Strategy stock stalls: here’s why

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Strategy is forming a bullish setup similar to Bitcoin’s recent breakout. With price testing resistance, a potential pullback to strong support could trigger a move into all-time high territory.

Strategy’s stock (MSTR) is currently trading in a bullish market structure, mirroring the recent price action of Bitcoin (BTC). With a history of aggressive BTC accumulation, MSTR has shown a strong correlation to Bitcoin’s movements, and this correlation may once again lead the stock into new all-time highs. As MSTR tests a key resistance level, the setup suggests either a direct breakout or a bullish correction that sets the stage for another leg up.

Key technical points

  • Major Support Zone: $362.50 — confluence of value area low, 21 EMA, and 200 MA
  • Market Structure: Higher highs and higher lows since the recent swing low
  • Volume Behavior: Declining volume suggests imminent influx following consolidation
  • Potential Target: Expansion into ATH price discovery if resistance breaks or holds post-correction

MSTR (1D) Chart, Source: TradingView

The current price action on MSTR reflects a sustained bullish structure. Since establishing a swing low, the stock has consistently formed higher highs and higher lows, a classic sign of trend continuation. It is now testing a significant resistance zone. If this resistance holds, a short-term correction could follow.

This potential pullback may bring price back to the $362.50 support zone, an area with strong technical confluence. The value area low, 21-day exponential moving average, and 200-day moving average all converge at this level. A correction into this zone would likely establish a higher low and provide the structural base for the next upward move.

Importantly, a breakout above the current high without a correction would also signal strong bullish momentum. It would suggest continued buying pressure and increase the likelihood of price rotation into discovery mode and the formation of new all-time highs, similar to Bitcoin’s recent breakout. MSTR’s historical price action has often mirrored that of Bitcoin, and this technical alignment reinforces the bullish outlook.

What to expect in the coming price action

If MSTR holds above the $362.50 support region or breaks above current resistance directly, the probability of a move into all-time highs increases significantly. Traders should watch for either a structured pullback or a clean breakout, both scenarios support continued upside.



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XRP momentum stalls as SEC delays 21Shares XRP ETF decision
NFT Gaming

XRP momentum stalls as SEC delays 21Shares XRP ETF decision

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XRP’s recent rally has stalled with market activity slowing down and uncertainty surrounding the Securities and Exchange Commission’s review of the 21Shares XRP spot ETF.

The token is trading at about $2.35 at press time, down 1.4% over the last day and 8.3% in the previous seven days, suggesting that its momentum is waning following a strong run earlier this month. Additionally, trading volume has sharply decreased. Over the past day, XRP (XRP) has seen spot trading of $2.67 billion, a 15.9% decrease from the day before.

Derivatives data paints a similar picture. Coinglass data shows that open interest in XRP fell 3.14% to $4.58 billion, while futures volume fell 28.45% to $4.24 billion. While the drop in open interest shows traders are closing positions rather than opening new ones, frequently an indication of diminished confidence in short-term price action, the steep drop in volume suggests cooling speculative interest.

The weakening market momentum comes just as the SEC delayed its decision on the proposed 21Shares Core XRP Trust. In a May 20 filing, the agency said it was extending the review period to evaluate whether the ETF complies with Section 6(b)(5) of the Exchange Act, which requires protections against fraud and market manipulation.

The Trust will use Coinbase Custody to store its assets and seeks to track the CME CF XRP-Dollar Reference Rate. The SEC stressed that the delay permits further analysis and public input rather than representing a final decision. Rebuttals must be submitted within 35 days of the Federal Register publication, and the comment period will last for 21 days.

Bloomberg ETF analyst James Seyffart called the delay “expected,” adding in a May 20 X post that early approvals for any crypto spot ETFs, including those for XRP or Solana (SOL), are unlikely before late June or early July, and more realistically expected in early Q4.

Delays on spot crypto ETFs are expected. A bunch of XRP ETPs have dates in next few days.

If we’re gonna see early approvals from the SEC on any of these assets — i wouldn’t expect to see them until late June or early July at absolute earliest. More likely to be in early 4Q.

— James Seyffart (@JSeyff) May 20, 2025

The technical indicators for XRP point to indecision. At the moment, the price of XRP is close to the Bollinger indicator’s lower band, indicating cautious market activity. With a value of 52, the relative strength index is neutral. Short-term moving averages signal weakness. 

XRP price analysis. Credit: crypto.news

Both the SMA and the 10-day EMA point to bearish pressure. On the other hand, long- and medium-term MAs are more optimistic. Despite the recent decline, the longer trend is still in place, as shown by the 20-day to 200-day EMAs and SMAs flashing buy signals.

A breakout above $2.38 and sustained momentum past $2.61 could signal further upside, targeting higher resistance zones. If XRP falls below its 20-day SMA at $2.34, it could test support at $2.26 or even $2.06, increasing the likelihood of downward pressure.

With both technical and regulatory signals providing conflicting hints about XRP’s next significant move, the market is currently in a wait-and-see state.





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Stocks flat as Moody’s downgrades U.S. credit, S&P 500 rally stalls
GameFi Guides

Stocks flat as Moody’s downgrades U.S. credit, S&P 500 rally stalls

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U.S. stocks were little changed Monday as investors reacted to Moody’s Ratings stripping the U.S. of its last triple-A credit grade and lawmakers advancing a tax bill expected to add significantly to federal deficits.

The S&P 500, coming off a five-day winning streak, rose slightly, while the Nasdaq Composite rose 0.01%. The Dow Jones Industrial Average rose 0.3%, with support from a rebound in UnitedHealth Group shares.

Moody’s late Friday downgraded U.S. debt to AA1, citing “persistent, large fiscal deficits” and higher interest costs. 

The move came as the House Budget Committee approved a tax-and-spending plan from President Trump that would extend cuts and boost spending, raising deficit projections.

The 10-year Treasury yield briefly spiked to 4.56%, its highest level in over a month, before pulling back to 4.46%. Yields on 30-year Treasurys touched 5% before settling near 4.95%. The dollar index fell 0.7%, while gold jumped 1.5% to $3,235 an ounce.

Tech stocks, which led recent gains, traded mixed. Tesla dropped 2% following last week’s 17% rally. Apple slipped 1.5%, while Nvidia, Alphabet, and Meta also declined. Microsoft and Amazon edged higher.

Bitcoin is surging 

Bitcoin (BTC) surged to $105,400, lifting shares of Strategy 3%. Palantir, AMD, and Super Micro Computer each fell over 2%.

JPMorgan CEO Jamie Dimon warned that the full economic impact of tariffs had yet to be felt, while Fed officials signaled no immediate changes to interest rates amid ongoing uncertainty.

Global markets were mixed. European stocks rose slightly, while Asia saw losses. The European Union cut its growth outlook, and Diageo forecast a $150 million hit from tariffs.



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