Author: John Smith
Ethereum has seen a significant surge in recent weeks, rising more than 40% in the last month and reclaiming the $2,500 mark after a drop toward $1,800. But despite the bullish momentum, there are signs that the rally may be hitting a wall. The $2,800 level is emerging as a critical zone of resistance, and a closer look at on-chain and technical data suggests that selling pressure could rise as Ethereum (ETH) inches closer to it. According to a May 24 post by Glassnode, there’s a notable cluster of investor cost basis levels around $2,800. This means that many holders…
XRP is holding steady near its 50-day moving average at $2.34 as traders await regulatory clarity from a key U.S. Securities and Exchange Commission meeting set for Thursday, May 29. Despite recent legal uncertainty, the token has been trading within a narrow weekly range of $2.29 to $2.47, up 7% over the last month, and 1.4% over the previous day. CoinGlass data shows that open interest rose 2.25% to $4.76 billion and XRP (XRP) derivatives trading volume increased 25.82% to $3.14 billion over the last day, indicating increased speculative activity and renewed trader positioning. Spot trading volume also jumped 40 to…
Islamabad plans to allocate Bitcoin mining and AI centers with 2,000 MW of surplus electricity as part of the country’s broader strategy to attract tech investment. Pakistan is preparing to allocate 2,000 megawatts of electricity to Bitcoin (BTC) mining and AI data centers as part of the first phase of a national digital infrastructure plan, Reuters reported, citing the finance ministry. The finance ministry said the allocation is part of Islamabad’s broader strategy to put excess electricity to productive use by powering cryptocurrency mining and AI data centers. It added that the initiative is intended to support the growth of…
Swedish health technology company H100 Group AB has secured $2.2 million in funding led by Blockstream CEO Adam Back to expand its Bitcoin treasury holdings. According to a May 25 announcement, the Stockholm-headquartered firm raised 21 million Swedish krona (approximately $2.2 million) through 0% interest convertible loans. The funds will be used to purchase Bitcoin as part of H100’s broader pivot toward holding the asset on its balance sheet. Investment firms, including Morten Klein, Alundo Invest AS, Race Venture Scandinavia AB, and Crafoord Capital Partners, contributed a combined $800,000 to the round. The largest share came from Back, a British…
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…
AIXBT price is showing renewed signs of bullish momentum after a 25% rebound from its recent low, with technicals putting a potential move toward the $0.50+ region back on the table. Aixbt (AIXBT) price has rallied about 25% from yesterday’s intraday low of $0.1630—the lowest point of the latest pullback—to an intraday high of $0.2070 today. The trading volume is surging over 120% to reach $97 million in the past 24 hours. The price is once again trading above the EMA 20, with the bullish crossover between the EMA 20 and SMA 50 holding for over a month. Momentum indicators…
Dubai is breaking new ground in property investment with the launch of the Middle East’s first tokenized real estate platform, Prypco Mint. According to a May 25 report from Gulf News, the initiative is being spearheaded by the Dubai Land Department and aims to make property investment more accessible. The pilot platform allows UAE residents to invest in real estate with as little as Dh2,000. Prypco Mint is being launched in partnership with blockchain firms Prypco and Ctrl Alt and is backed by the Virtual Assets Regulatory Authority, the Central Bank of the UAE, and the Dubai Future Foundation. Zand…
Personal finance author Robert Kiyosaki is warning that many people remain poor because they fail to follow what he calls the “two most important laws of money.” In a recent statement, the author of “Rich Dad Poor Dad” argued that traditional savings in fiat currency like the U.S. dollar are becoming obsolete, urging individuals to store value in assets like gold, silver, and Bitcoin. He also emphasized the power of networks in creating wealth, comparing successful platforms like FedEx and Bitcoin to small-scale businesses and lesser-known cryptocurrencies. Kiyosaki’s message reiterates his long-standing belief that financial success hinges on smart investing…
Monero price has been in a relentless bull run this year, and is not losing steam as bulls target the all-time high. Monero (XMR), the biggest privacy-focused coin, has risen for seven consecutive weeks, reaching a high of $402. Last week was its best one in this cycle as it jumped by over 20%. XMR price has jumped by almost 300% from its lowest level in 2024, bringing its market cap to $7.4 billion. This performance is notable for a coin delisted by most tier-1 exchanges like Coinbase and Binance. Most of its trading is happening in KuCoin, HTX, and…
Dogecoin price remains in a tight range, 53% below its highest point in November, but a forming cup and handle pattern points to an eventual surge to $0.8630 and beyond. Dogecoin (DOGE) token was trading at $0.2200 on Sunday, 68% above its lowest level in November. It is still the biggest meme coin in crypto, with over $32 billion in market capitalization. Dogecoin price technical analysis points to a rebound The weekly chart shows that the DOGE price peaked at $0.7390 in 2021 when Elon Musk was pumping it. It then plunged and bottomed at $0.048 in June 2022. The…