Retail Titans Amazon and Walmart Reportedly Weigh Stablecoin Options
Retail Titans Amazon and Walmart Reportedly Weigh Stablecoin Options
As enthusiasm for stablecoins keeps gaining traction among big corporations, sources say retail titan Walmart and e-commerce powerhouse Amazon are actively exploring the possibility of launching their own digital dollar-pegged tokens. Wall Street Journal Sources Say Amazon, Walmart May Step Into Stablecoin Market As of press time, the combined value of all circulating stablecoins has [âŠ]
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JPMorgan Reports Record Profits for Bitcoin Miners in Q1
Bitcoin Magazine JPMorgan Reports Record Profits for Bitcoin Miners in Q1 Bitcoin mining companies in the U.S. have kicked off 2025 with record performance, according to a recent report. The first quarter of the year was âone of Bitcoin minersâ best quarters to date,â analysts Reginald Smith and Charles Pearce stated. âFour of the five operators in our coverage reported record revenue and profits,â the report [âŠ] This post JPMorgan Reports Record Profits for Bitcoin Miners in Q1 first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
Charles Hoskinson Proposes $1 Billion Cardano Sovereign Wealth Fund
Charles Hoskinson has laid out the broad contours of what he calls a âdecentralized sovereign wealth fundâ for Cardano, arguing in a 18-minute livestream on 12 June that the networkâs treasury should be actively managed, diversified beyond ADA, and ultimately expanded into a multi-asset portfolio worth at least a billion dollars. Speaking from Colorado, the [âŠ]
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Ethereum Faces Stress As Israel-Iran Conflict Shakes Sentiment â ETH/BTC Support In Focus
Ethereum faced intense selling pressure earlier today as geopolitical tensions flared following Israelâs attack on Iran, shaking global markets and triggering risk-off behavior across crypto. The sudden spike in volatility pushed Ethereum away from its recent highs, as it retraced after failing to break above the critical $3,000 resistance level. This marks a pivotal moment for ETH, which had shown strong momentum in recent sessions before being hit by the broader market downturn. Related Reading: Ethereum Repeats History â Key Support Holds Again Ahead Of Potential Rally Despite the sharp correction, top analyst Quinten Francois remains optimistic. He pointed to the ETH/BTC pair, which continues to look strong relative to other assets. According to Francois, this pair is currently testing the support line of an ascending triangleâa pattern that often precedes a breakout to the upside if support holds. With Bitcoin holding near its range highs, Ethereumâs performance against BTC could serve as a leading indicator for the broader altcoin market. Now, Ethereum stands at a crossroads. A bounce from current levels could renew bullish momentum and re-establish the $2,800â$3,000 range as the launchpad for higher prices. But failure to hold support may trigger another wave of downside pressure. All eyes are on ETH/BTC as markets brace for what comes next. Ethereum Holds Key Level Against BTC Ethereum has been leading the crypto market with impressive strength since April, posting a remarkable surge of over 100% from its lows near $1,400. This steep recovery highlights Ethereumâs growing momentum, positioning it as a potential frontrunner in triggering the next altseason. The assetâs consistent performance above key support levels and its resilience during market dips have renewed bullish sentiment, with traders increasingly focusing on ETH as the key asset to watch. Many analysts believe Ethereum could be the spark that reignites capital rotation into altcoins. Its breakout from a month-long range, combined with increasing DeFi activity and improving on-chain metrics, has added to the bullish case. However, caution remains. Ongoing geopolitical tensionsâparticularly the recent escalation between Israel and Iranâare injecting volatility into global markets, including crypto. These developments have disrupted otherwise promising technical setups across the board, leading to uncertainty and risk-off sentiment. Quinten Francois commented on the current climate, noting that âsome charts donât look good, others are holding on by a thread.â However, he singled out the ETH/BTC pair as a relative strength signal, stating that it âstill looks good.â This pair is currently testing the support line of an ascending triangleâa structure that, if defended, could pave the way for a continuation of ETHâs dominance over Bitcoin. In this environment, Ethereumâs performanceâespecially relative to BTCâcould determine the broader marketâs next phase. If ETH/BTC holds and breaks higher, the door opens for a full altseason run. But a failure to hold could reinforce caution and signal a pause across the crypto market. For now, Ethereum remains the most important chart to watch. Related Reading: Ethereum Tests Previous Resistance As Support â Can Bulls Defend This Level? ETH Faces Sharp Rejection After Tagging Range Highs Ethereum is facing a crucial technical test after a strong rejection near the $2,830 resistance level. The chart shows ETH failing to hold above the highlighted supply zone between $2,700 and $2,830, where sellers stepped in aggressively. This resulted in a sharp breakdown that sliced through the 50, 100, and 200 simple moving averages (SMAs) on the 4-hour timeframe, now positioning ETH around $2,512. Whatâs more concerning is the spike in volume during the breakdown. This confirms the strength behind the move, signaling panic among bulls and potential distribution by short-term holders. ETH is now holding just above a previous support zone from early June, but the current setup suggests uncertainty and risk of further downside. Related Reading: Ethereum Price Tests Ascending Channel Resistance â Breakout Or Breakdown? Unless Ethereum can reclaim the $2,600â$2,620 area soon, the next likely target could be the $2,400 level, where the next strong demand cluster sits. However, if bulls defend current prices and manage a quick recovery back above the SMAs, this recent move could be interpreted as a liquidity sweep before continuation. Featured image from Dall-E, chart from TradingView