Author: John Smith
Sky Protocol, formerly MakerDAO, launched its much-anticipated staking rewards program, and the numbers are already turning heads. In a June 9 post on X, the team revealed that more than $568 million worth of SKY tokens have been staked, with participants currently earning USDS at an annualized rate of 16%. Strong early engagement with the program is demonstrated by the distribution of more than 1.6 million USDS in the first week alone. More than $568 million in SKY are now getting USDS rewards at a current annual rate of 16%.In just one week since launch, over 1.6 million USDS has…
Bitcoin surged roughly 3.8% over the past 24 hours, briefly breaking above the $110,000 mark before settling around $109,600 by Tuesday morning Asian hours. This move marks Bitcoin’s (BTC) strongest performance in June so far, reversing last week’s drop that saw the asset dip near $100,000. The price now sits just 3% below its all-time high. Behind this latest rally is a mix trading activity, on-chain signals, and macro developments. According to Coinglass data, nearly $203 million in positions were liquidated in the Bitcoin market over the past day. Of that, $195 million were shorts, highlighting the strength of upward…
U.S. stocks were little changed as Wall Street monitored renewed trade discussions between American and Chinese officials. Hopes of easing tensions and rolling back tariffs weren’t enough to lift major indexes. The Dow Jones Industrial Average closed lower by a single point while the S&P 500 and Nasdaq indices gained 5.52 points and 61.28 points, respecitvely. High-level U.S.-China trade talks took place in London, featuring Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. US-China talks progress National Economic Council Director Kevin Hassett told CNBC the U.S. is seeking firm commitments from China on critical mineral exports, with expectations that…
Paraguay’s government announced Monday that President Santiago Peña’s X account may have been hacked after it shared a post falsely claiming that Bitcoin had been declared legal tender in the country. The post, written in English and accompanied by a Spanish-language statement, asserted that Paraguay was launching a $5 million Bitcoin-backed reserve fund and integrating the cryptocurrency into its national financial system. It featured what appeared to be an official government decree, using the national coat of arms and official-looking formatting. The now-deleted tweet immediately drew skepticism due to its promotional tone, formatting inconsistencies, and absence from any official Paraguayan…
UMA surged 26.54% from a high-confluence support area, catching traders’ attention with a sharp bullish move. However, after rejecting from local resistance at $1.80, the focus now shifts to whether bulls can defend support for continuation—or risk a full retrace within a broader range. After a strong and impulsive rally, UMA (UMA) has caught the attention of traders with a 26.54% move from support. This rally originated from a technically significant zone and marked a bullish shift in short-term momentum. However, price has now encountered resistance at $1.80, and a rejection has already formed, leaving a wick that may signal…
Robinhood’s stock has rallied hard in recent weeks on hopes of being added to the S&P 500 index, but many investors were disappointed with the announcment that S&P Dow Jones Indices will make no changes to the S&P 500 lineup S&P Dow Jones, the operator of the coveted S&P 500 index, confirmed Friday afternoon that it will make no changes to the index. Robinhood was widely considered to be the next stock added to the index so confirmation it will be left out sent Robinhood’s stock down sharply on Monday. Expectations were high as Bank of America analysts had recently…
FLOKI has bounced off a critical support level and is now trading within a clearly defined range. With liquidity still resting below and a potential Three Drives pattern forming, a bullish reversal may be on the horizon. FLOKI (FLOKI) experienced a sharp bearish impulse last week, driving price into a major support zone. After tapping the 0.618 Fibonacci retracement level perfectly, price rebounded but now faces resistance within a defined high time frame range. The coin is now trading between two crucial support and resistance levels, and the next break will likely define the directional momentum moving forward. However, the…
Dogecoin (DOGE) is currently trading around $0.1842, seeing a 0.43% dip over the past 24 hours. Despite some recent volatility, DOGE remains within a tight range as market participants digest developments in meme‑coin sentiment and macroeconomic conditions. In this article, we will look at dogecoin next target by looking at technical indicators and latest news. For on-demand analysis of any cryptocurrency, join our Telegram channel. Dogecoin Next Target Current Price: $0.1842 24h Price Change: –0.43% 24h Range: $0.1803 – $0.1869 Market Cap: ~$27.6 billion 24h Trading Volume: ~$895 million to $2 billion Circulating Supply: ~149.6 billion DOGE Price got rejected at $0.25 resistance two times,…
Bitcoin and top altcoins like Venice Token, Kaia, Ravencoin, Fartcoin, and SPX6900 rose on Monday as U.S.-China trade talks got underway. Bitcoin (BTC) climbed to $108,000, its highest level since May 29, marking a 7.55% gain from its monthly low. Venice Token (VVV) rose to $3.52, sharply up from this month’s low of $2.56. Similarly, Kaia (KAIA), Ravencoin (RVN), Fartcoin (FARTCOIN), and SPX6900 (SPX) jumped by over 10% on Monday. This surge brought the market capitalization of all coins to over $3.35 trillion. The likely catalyst was the easing of trade tensions between the United States and China, with negotiations…
OpenAI has officially surpassed $10 billion in annual recurring revenue, driven by strong demand for its ChatGPT chatbot and related business products. According to CNBC’s reporting, OpenAI hit this milestone in less than three years since the initial launch of ChatGPT in November 2022. According to an OpenAI spokesperson cited by CNBC, the ARR figure includes revenue from ChatGPT’s consumer and enterprise offerings, along with API services. The actual revenue figure is likely even larger as reported revenue does not include licensing fees from Microsoft and one-off deals. Profitability challenges remain This revenue growth follows OpenAI’s reported $5.5 billion ARR…