Crypto News
Dogecoin Steady But Flashing ‘Oversold’ in Signal for Bearish Bets
Dogecoin (DOGE) recovered from an intraday low of $0.164 to close near $0.171, posting a 4.7% bounce in line with broader market weakness. The move suggests institutional buyers may be quietly accumulating at lower levels as market participants brace for continued volatility.News BackgroundDogecoin’s rebound comes in the wake of intense selling pressure sparked by escalating geopolitical tensions between Israel and Iran. The sharp market-wide correction, which triggered mass liquidations, briefly pushed DOGE down more than 7% intraday on Wednesday.Meanwhile, macroeconomic headwinds persist. The U.S. Federal Reserve continues to maintain restrictive monetary policy, keeping rates at 4.25%–4.50% while actively reducing its balance sheet — a dynamic that has historically weighed on riskier bets such as DOGE.Still, the memecoin remains one of...
K33 Plans Major Bitcoin Acquisition With $8 Million Share Issue
K33 AB has announced a directed share issue to raise at least $8 million (SEK 85 million) for the strategic purchase of up to 1,000 BTC, aimed at boosting its balance sheet and scaling its institutional brokerage services. Sweden’s K33 to Raise Funds to Finance Purchase of Up to 1,000 BTC Swedish digital asset brokerSource link
Treasury Secretary Bessent Says Stablecoins Can Bolster US Dollar ‘Supremacy’
Bessent framed stablecoins as a strategic asset for U.S. influence, as lawmakers weigh whether politics will stall key legislation again.Source link
Unlicensed Crypto Activity in Jordan Could Soon Carry Jail Time
Jordan’s new digital asset trading legislation will come into force 90 days following its publication in the official gazette. Central Bank Digital Currency Not Covered by New Law Jordan’s digital asset trading law is set to become effective in 90 days following the publication of the Virtual Currency Trading Law of 2025 in the officialSource link
Ether, Solana, and Other Majors Could Further Slide as Trump Threatens Iran Strikes
Crypto majors slid further on Thursday and the dollar gained ground as fears of a broader conflict in the Middle East intensified.XRP XRP, Cardano’s ADA ADA, and Solana’s SOL SOL lost over 1% in the past 24 hours, while dogecoin DOGE is flat on the day but down over 10% for the week, wiping out its early June rally. Ether ETH lost 0.7%, reversing all gains from earlier in the week.As such, spot bitcoin BTC exchange-traded funds (ETFs) in the U.S. continued to attract inflows, with over $389 million in fresh buys on Wednesday, data shows. Spot ETH ETFs racked up $19 million in positive flows.U.S. officials are reportedly weighing a direct strike on Iran, while the Federal Reserve flagged...