Author: John Smith
Wall Street finished ended the week on a strong note as a better-than-expected U.S. jobs report boosted investor confidence. The Dow Jones Industrial Average surged 443 points (1.05%) to lead Friday’s gains among major indices.The S&P 500 advanced 1.03%, closing above the 6,000 level for the first time since February. The Nasdaq Composite climbed 1.2%, dsriven by a rebound in major tech stocks. The S&P 500 and Dow are both up over 1% for the week, while the Nasdaq gained more than 2%. The U.S. economy added 139,000 jobs in May, beating estimates of 125,000, data from the Bureau of…
Gemini Trust Co., the cryptocurrency exchange and custodian launched by Cameron and Tyler Winklevoss, has confidentially filed for an initial public offering. The IPO plans follows a series of positive regulatory developments for the firm, according to CNBC. The filing follows the SEC’s decision earlier this year to drop its investigation into Gemini without recommending enforcement action. That cleared a major regulatory hurdle for the company, which also settled a $5 million case with the Commodity Futures Trading Commission in January. It also coincides with strong Wall Street demand for digital assets as evidenced by Circle’s hot IPO. The stablecoin…
Hyperliquid coin is showing strong signs of bullish continuation after reclaiming key levels. A pennant formation on the daily chart may signal the next leg higher, if volume confirms the breakout. After a sustained uptrend marked by higher highs and higher lows, Hyperliquid (Hype) has entered a period of consolidation. This pause in momentum is forming a textbook bullish pennant, a pattern often associated with trend continuation. Technical confluence and reclaimed levels now position Hyperliquid for a potential breakout in the sessions ahead. Key technical points Pennant Formation on Daily Timeframe: Consolidation with converging trendlines suggests a coiling market preparing…
The native token of IOST, a multi-chain ecosystem focused on real-world asset infrastructure, rose sharply after the project announced a $21 million raise from several top crypto venture capital firms. IOST (IOST), which aims to bridge traditional finance decentralized finance for global adoption, saw its token spike 12% following the news. It was trading around $0.00391 at the time of writing. However, in the hour after the announcement, IOST price touched highs of $0.00424 – its highest level since May 23. Bulls broke above a downtrend line formed since mid-May. Amid this price action, IOST’s daily trading volume jumped more…
UMA crypto token went vertical on Friday, reaching its highest point since March, even as other cryptocurrencies retreated. UMA (UMA) surged to a high of $1.440, gaining over 40% from its weekly low. The rally pushed its market capitalization above $112 million. The token jumped after Polymarket, a popular prediction market platform, announced a partnership with Elon Musk’s X. Polymarket will serve as the official prediction market partner for the social media giant. The partnership is significant for UMA because it serves as the oracle provider for Polymarket. UMA’s optimistic oracle offers a decentralized and trustless mechanism for resolving market…
Cookie is currently retesting a pivotal support level with strong technical confluence. Despite declining volume, the bullish structure remains intact—raising the odds of a potential rally toward $0.30. Cookie (COOKIE) is trading at a decisive technical level that could determine its next major move. What was once firm resistance has now flipped into support, providing a potential foundation for bullish continuation. This zone aligns with both the 200 moving average and the 0.618 Fibonacci retracement, making it a critical test of market strength. Key technical points: Support Flip: Previous resistance has now flipped to support, showing early signs of validation.Technical…
Immutable token retreated this week as market participants reacted to the broader crypto market crash. It also dropped despite welcoming a popular game to its platform and a surge in Guild of Guardians NFT sales. Immutable (IMX) fell to $0.495 on Friday, down 36% from its May peak and 86% from its high last year. The sharp decline has dragged its market capitalization from $4.6 billion in September to $958 million. The decline came even after developers announced that Legends of Elumia had migrated to the Immutable network from Ronin. This is notable, as Legends is a fast-growing title acquired…
Stocks are in recovery mode after the latest jobs report beat expectations, while Tesla regained some of its losses. U.S. stock indices rebounded on Friday, June 6, following stronger-than-expected jobs data. The Dow Jones rose 300 points, or 0.7%, while the S&P 500 gained 0.75%. At the same time, the tech-heavy Nasdaq climbed 0.97%, with major indices buoyed by encouraging figures on U.S. employment. According to Friday’s report, U.S. employers added 139,000 new jobs, lower than the revised April figure of 147,000 but still ahead of expectations. Meanwhile, the unemployment rate held steady at a relatively low 4.2%. Overall, the…
Binance Research highlighted several major developments that suggest that crypto is breaking into mainstream finance. Crypto is no longer on the fringes of the financial world. On Friday, June 6, Binance Research released its weekly report, emphasizing that crypto is becoming increasingly integrated with traditional finance. Still, it noted that crypto was among the hardest-hit market segments last week, largely due to political turmoil. Both Bitcoin (BTC) and Ethereum (ETH) entered negative territory this week, weighed down by the public split between Donald Trump and Elon Musk. Their public arguments have significant implications for crypto, as Musk has been a…
Social media platform X has selected Polymarket as its prediction market partner, heralding a new growth chapter for the decentralized predictions marketplace. X, owned by tech billionaire and Tesla chief Elon Musk, announced the partnership with Polymarket on June 6, 2025, noting the development via its account on the platform. Polymarket, which attracted headlines during the 2024 U.S. election, is a blockchain protocol that founded by Shayne Coplan and launched in 2020. It offers users access to various predictions on real world events. Traders can bet on any topic on the decentralized prediction market with cryptocurrency. Meanwhile, X has increasingly…