Shiba Inu (SHIB) is trading in a narrowing range, forming a descending triangle on the four-hour chart as of May 28. The price is just above $0.0000146, and the pattern suggests a possible 17% move once it breaks out of this setup. The triangle has been building for almost two weeks, with lower highs putting … Read more
Crime The Australian Securities and Investments Commission (ASIC) has filed civil penalty proceedings against Allan Guo, the former executive of failed cryptocurrency exchange ACX, over alleged misconduct and breaches of corporate duties. ACX, which operated between 2016 and 2019, collapsed abruptly, leaving customers unable to access or withdraw their funds. According to ASIC, Guo played … Read more
Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory … Read more
Shares of video game and collectibles retailer GameStop dropped nearly 11% on May 28 after the company announced its first Bitcoin purchase, triggering a classic sell-the-news reaction. The stock closed at $31.21 on the New York Stock Exchange, according to Google Finance. The company announced the purchase of 4,710 Bitcoin (BTC) valued at roughly $513 … Read more
Altseason didn’t disappear — it’s happening in fast, intraday bursts too quick for retail traders. Smart money rotates profits through micro altseasons, stacking BTC and stables while retail waits. Everyone’s bracing for altseason — but what if it’s already come and gone? Since April, a shift has been in progress beneath the surface: five separate … Read more
Topline A judge rejected a mistrial request from Sean “Diddy” Combs’ legal team Wednesday morning after the defense accused prosecutors of leading jurors to believe Combs interfered to destroy evidence found as officials investigated the bombing of rapper Kid Cudi’s car in 2012. The third week of Sean “Diddy” Combs’ trial began Tuesday. (Photo by … Read more
Michael Saylor, founder of business intelligence firm Strategy (formerly Microstrategy), predicted bitcoin will become the foundational network for settling global financial transactions, drawing a direct parallel to how gold underpinned the 19th-century banking system dominated by the Rothschild family. Michael Saylor Forecasts Bitcoin as Core Settlement Asset, Evoking 19th-Century Banking Analogy Speaking at the Bitcoin … Read more
Video game retailer GameStop (GME) has purchased 4,710 bitcoin, worth nearly $513 million at the time of writing. GameStop announced the purchase on X on Wednesday but did not offer further details about when the BTC were acquired or the price paid. The Grapevine, Texas-based company revealed its plans to pursue a bitcoin treasury strategy … Read more
Key point: Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy … Read more
Binance, the world’s largest cryptocurrency exchange, continues to announce altcoin listings. At this point, Binance recently announced that it listed the altcoin called Merlin Chain (MERL) in futures with 50x leverage. “To expand the list of trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will be launching the following perpetual … Read more