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Here's why Ethereum stalled despite strong ETF inflows and record-low exchange reserves
Ethereum (ETH) trades around $2,600 on Wednesday, maintaining its consolidation despite intense buying pressure across ETH exchange-traded funds and crypto exchanges. The flat prices potentially stem from rising short positions neutralizing the impact of buying pressure in the spot market.
Fxstreet
Wed, Jun 4
Apple partnership with Alibaba stalled due to regulatory bottleneck
Apple’s plan to launch its new artificial intelligence services in China, in partnership with Alibaba, is facing delays after Beijing’s top internet regulator failed to approve the applications. The two companies had worked together to bring “Apple Intelligence,” the iPhone maker’s suite of AI tools, to Chinese users, using Alibaba’s latest AI models to power […]Cryptopolitan
Wed, Jun 4
Bitcoin’s Bull Market Endures As Realized Cap Impulse Anchors Firmly At Key Levels
Given the ongoing weakness in the broader market, Bitcoin is seeing waning price action, as the flagship asset remains confined within a price range. While the recent performance prevails, recent advancements from the Realized Cap Impulse metric reflect a continued robust bull market phase. Realized...Bitcoinist
Wed, Jun 4
American Rapper Cardi B Endorses WAP Token Again—But Is It A Rugpull?
Cardi B’s recent post about the meme token Wet A*s P*ssy (WAP) turned into a dramatic market shakeup. Within minutes, WAP’s market cap plunged from $2 million to just $150,000. The token’s price shot up to $0.0020 briefly, then tumbled over 90% back to $0.00019, wiping away almost all of this week’s...NewsBTC
Wed, Jun 4
Nasdaq-listed Korean media announces plans for $500m Bitcoin treasury
K Wave Media (KWM), the first Korean media alliance to list on the Nasdaq, announced this week that it plans to raise $500 million to build one of Asia’s largest corporate Bitcoin treasuries. While competitors are still figuring out streaming strategies, banging TV shows or chart-topping K-pop albums, K Wave Media is diving headfirst into […]Cryptopolitan
Wed, Jun 4
Elon Musk and long-time Trump supporters object to Trump's big beautiful bill
Musk’s public opposition of Trump right after his exit from the White House has left many confused and raised a lot of questions. While the split seems to be cordial from the President’s end, Musk is currently leading the charge against his new bill. The United States’ first buddy, Elon Musk, appears committed to rallying […]Cryptopolitan
Wed, Jun 4
Epic Games doubles down on risky AI Characters in Fortnite
Epic Games is rolling out a way for Fortnite creators to build AI-powered non-player characters, following the success of its AI version of Darth Vader. Yet, a senior Epic executive warns that developers should be ready for a “learning curve” as they work with the new tools. Epic Games itself faced challenges while fine-tuning Vader’s […]Cryptopolitan
Wed, Jun 4
Stablecoin issuer Circle raises $1.05 billion in upsized US IPO
By Pritam Biswas and Manya Saini June 4 (Reuters) - Circle Internet on Wednesday priced its upsized U.S. initial public offering at $31 apiece, raising $1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets.Circle and its shareholders s...Reuters
Wed, Jun 4
Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend Warnings
Despite the recent rally to a new all-time high (ATH) of $111,900, crypto analysts have warned that the Bitcoin price could still witness a massive crash that will send it below $100,000. These analysts highlighted fundamentals and technicals that could spark this price crash. Analysts Highlight Why...NewsBTC
Wed, Jun 4
Coinbase’s $400 Million Breach: What Really Happened And How Did Customers Get Exposed?
Coinbase’s $400 million data breach is again in the spotlight after new information came to light about the company’s prior knowledge of the leak. The COIN stock is still up over 4% from yesterday’s trading session despite this new development. Coinbase Was Aware Of the Data Breach Since January Acc...Bitcoinist
Wed, Jun 4
Mutuum Finance (MUTM) vs Shiba Inu (SHIB): Which One Has Potential to Hit $1 First? Will Utility Win Against Hype?
In a market where meme coins and utility tokens battle for dominance, Shiba Inu (SHIB) and Mutuum Finance (MUTM) represent two radically different sides of the crypto spectrum. Shiba Inu remains a symbol of viral success, driven by a loyal community and social media momentum, but still far from the elusive $1 mark. On the […]Cryptopolitan
Wed, Jun 4
Reddit files lawsuit against Anthropic, claiming unauthorized use of its content to train AI models
Reddit has taken legal action against AI startup Anthropic, claiming it used its platform’s data to train AI models, specifically the Claude chatbot. The lawsuit, which was filed this month on Wednesday, in the Superior Court of California in San Francisco, alleges that Anthropic breached Reddit’s user agreement and engaged in “unlawful and unfair business […]Cryptopolitan
Wed, Jun 4
K Wave Media set to raise $500 million for Bitcoin treasury amid Standard Chartered's warning
Bitcoin (BTC) trades under $105,000 on Wednesday amid K Wave Media's plan to raise $500 million via a securities purchase agreement to build a Bitcoin treasury, a move that mimics Metaplanet's model.
Fxstreet
Wed, Jun 4
Bitcoin ATH Fails To Hype Retail—Demand Is Actually Down
On-chain data shows the retail interest in Bitcoin has been waning as small-holder volume has gone down during the past month. Bitcoin Retail Investor Demand Has Seen A Negative 30-Day Change In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the “Retail Investor ...NewsBTC
Wed, Jun 4
Bitcoin Indicator Signals Trend Exhaustion – Reset Or Reveral?
Bitcoin is entering a critical consolidation phase after weeks of strong buying pressure pushed the price to a new all-time high near $112,000. Despite the bullish momentum seen in recent months, the leading cryptocurrency is now struggling to maintain upward traction. As macroeconomic uncertainty a...Bitcoinist
Wed, Jun 4
GlobalFoundries has announced that it will be investing $16B to expand US chip manufacturing
The new CEO of GlobalFoundries Inc., Tim Breen, has announced that the company will be making a $16B investment into chip manufacturing within the U.S. Apple Inc., Qualcomm Inc., and General Motors Co. have come together to back their semiconductor supplier, GlobalFoundries in its $16B investment plan. GlobalFoundries Inc., the largest U.S.-based producer of made-to-order […]Cryptopolitan
Wed, Jun 4
China is urging France and the EU to deepen cooperation, portraying itself as a stable partner
China has asked France to help bridge its trade gaps with the European Union. Beijing is looking to strengthen relations with the bloc amid growing friction with the United States. Speaking on the sidelines of a World Trade Organization ministerial meeting in Paris, Chinese Commerce Minister Wang Wentao told French Trade Minister Laurent Saint-Martin that […]Cryptopolitan
Wed, Jun 4
Trump said he spoke with Vladimir Putin for 75 minutes about Ukraine and Iran
Donald Trump said he held a 75-minute phone call with Vladimir Putin just days after tensions between both leaders spilled into the open. The call, which Trump shared publicly on X, took place while the war in Ukraine passed its third year, and as Washington’s support for Kyiv continues to split along political lines. According […]Cryptopolitan
Wed, Jun 4
