Ethereum (ETH) price experienced a similar volatility to Bitcoin (BTC) in the past 24 hours, following the feud between Elon Musk and U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $300 billion and a 24-hour average trading volume of about $18.5 billion, rebounded from a crucial support level of around $2,407 in the past 24 hours to trade about $2,478 on Friday, during the late North American trading session.However, the recent crypto rebound has triggered fears of a potential dead cat bounce. Moreover, the feud between Trump and Musk may continue to divide the…
Author: cryphedge
Author Trent Alan Author Trent Alan About Author Trent has a background and education in journalism and communications, with two decades of experience editing and writing on a diverse array of topics. In recent years, however, he has shifted his… Share Last updated: June 5, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and…
US Senator Cynthia Lummis said the confirmation of Michelle “Miki” Bowman as Vice Chair for Supervision at the Federal Reserve marks a critical shift in the regulatory approach toward digital assets.According to Lummis, the appointment is a “turning point” for crypto policy, and she expects a “brighter future” for the industry ahead.The Senate confirmed Bowman on June 5 in a narrow 48-46 vote, filling the vacancy left by Michael Barr’s departure in February.Bowman, who has served as a Fed Governor since 2018, will now oversee the central bank’s supervisory framework for major financial institutions and emerging technologies.Lummis said in a…
VanEck, 21Shares, and Canary Capital requested on June 5 that the US Securities and Exchange Commission (SEC) reinstate the queue-based review system that awards exchange-traded product approvals in the order issuers filed. In a joint letter to Chair Paul Atkins, the firms said concurrent approvals strip early filers of the advantage that traditionally offsets higher legal and compliance costs.In the letter, VanEck chief executive Jan van Eck, Canary’s Steve McClurg, and 21Shares president Duncan Moir asked the SEC to apply the filing-date principle to pending products, including any future Solana exchange-traded funds (ETFs) submissions.The letter also calls on the regulator to…
Gemini confidentially filed a draft registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of Class A common stock, according to a June 6 statement. The exchange controlled by Cameron and Tyler Winklevoss stated that the share count and price range will be determined once regulators complete their review and market conditions permit a launch.Reports from Feb. 7 indicated that Gemini had begun discussions with advisers about going public within this year.Gemini must now respond to SEC comments, update financial statements, and set offer terms before marketing shares to investors. The SEC must declare…
While the Trump vs Elon spectacle continues to grab headlines and stir up social feeds, the crypto market isn’t amused. Prices have slumped, sentiment feels strained, and Bitcoin briefly fell below the $102,000 threshold. But behind the curtain of all the public noise, something far more consequential is unfolding. Trump Media & Technology Group has filed an S-3 form with the U.S. Securities and Exchange Commission, paving the way for a treasury move valued at $2.3 billion. It’s not just paperwork. It’s a quiet signal that crypto, particularly Bitcoin, is being pulled deeper into the financial strategies of institutions tied…
Could a micro-sized investment today become a portfolio-changing asset tomorrow? Arctic Pablo Coin (APC) is rapidly climbing crypto watchlists as its unique journey-based presale hits the 26th phase—aptly named Icicle Heights. It’s more than just a meme—it’s a structured opportunity packed with scarcity, utility, and narrative-driven momentum. At the same time, Bonk is making headlines with new exchange listings, while Pepe Coin continues to stir social media waves with smart money inflows. This article will cover the developments and updates of all three coins: Arctic Pablo Coin, Bonk, and Pepe Coin. Frozen Firepower: Why Arctic Pablo Coin’s Rewards Model Is…
XRP has rebounded to $2.18, overcoming an hourly death cross signal. The RLUSD volume has dropped over 60% amid halted minting. XRP is likely to trade between $2.15 and $2.25 in the short term. The price of XRP has shown notable resilience even as broader market sentiment remains cautious. As of press time, XRP trades at $2.18, reflecting a slight 0.2% increase over the past 24 hours. The cryptocurrency rebounded sharply after falling to $2.06 on Thursday, recovering most of the intraday losses and closing the trading session with signs of renewed bullish pressure. Ripple USD (RLUSD) sees a steep…
A Shiba Inu whale transfer to Coinbase worth $36.6 million occurred on June 4th when 2.87 trillion SHIB tokens moved to Coinbase Prime. This Shiba Inu coin dump alert initially sparked concern, but investigation reveals the transaction involved Wintermute market maker moving funds from BitGo custody, not an anonymous whale dump amid cryptocurrency market volatility.Also Read: SHIB Price Bullish: $5K Could Become $5M on 503% RallyAnalyzing Shiba Inu Whale Transfer, Market Volatility, and Security RisksSource: EconoTimesWhat Really Happened in This Shiba Inu Whale Transfer to CoinbaseThe transaction occurred Wednesday at 21:24 UTC from wallet “0x2e2c” to Coinbase Prime, and it…
Data has confirmed the surge of social interest in Real World Asset (RWA) tokens as Chainlink and Avalanche dominate. Regardless, these assets have taken a serious hit in the broad market pullback, “printing” losses across all the major trading sessions. Real World Asset (RWA) tokens make another dramatic entry into major headlines with incredible records of social mentions. According to the report highlighted by LunarCrush, all major RWA tokens recorded positive numbers in social mentions for the first time in a while. The Details Decentralised blockchain oracle network Chainlink (LINK) had the most social mentions (8.26k) with an impressive increase…
