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In a rather surprising development for the overarching industry, Strategy founder Michael Saylor has called proof-of-reserves a “liability” in a recent statement. Indeed, Saylor discussed the concept but rejected it on that basis, drawing the concern of many within the industry. Saylor had led his firm, the former MicroStrategy, to being one of the most prominent Bitcoin holders on the planet. Indeed, the firm holds more than 580,000 BTC, with more being added seemingly by the week. Yet, his recent statements on disclosures have many confused and seeking even more answers. Source: X Also Read: Class Action Lawsuit Filed Against Michael Saylor’s Strategy Over Bitcoin Michael Saylor Rejects Proof-of-Reserves in Shocking Statement There are few people as connected with Bitcoin and the cryptocurrency sector as Michael Saylor is. The executive has been a champion of the asset class for years. Moreover, his technology firm has been one of the biggest buyers of the asset class, put...

XRP is currently experiencing notable capital outflows, threatening its hold above the crucial psychological level of $2. Over the past 24 hours, XRP’s market capitalization has seen notable fluctuations. It initially stood at approximately $137.5 billion before dipping to $133.39 billion, a loss of $4.11 billion. It then recovered slightly to $135.86 billion at the time of writing. XRP one-day market cap chart. Source: CoinMarketCap As of press time, XRP was trading at $2.31, down 1.3% over the last 24 hours. On a weekly basis, it has lost about 1.6%. XRP seven-day price chart. Source: Finbold Despite this short-term volatility, XRP’s price remains above key support levels. The 50-day simple moving average (SMA) is $2.26, while the 200-day SMA is $1.91. This suggests that XRP is still holding above crucial longer-term trendlines, hinting at potential bullishness in the broader market. XRP price prediction  Looking ahead, Finbold explored insights f...

The Ethereum Rainbow Chart is forecasting that the second-largest cryptocurrency by market capitalization is likely to trade within its current range as of June 1. Notably, Ethereum (ETH) has been one of the top-performing assets in the ongoing market cycle, having broken out of a prolonged consolidation phase below $2,000.  This rally has been primarily driven by broader market sentiment and key network upgrades. As of press time, ETH was trading at $2,565, up 2.93% in the last 24 hours and 6.5% over the past week. ETH seven-day price chart. Source: Finbold However, short-term momentum may be slowing. In this case, Ethereum’s 14-day Relative Strength Index (RSI) stands at 62.91, indicating the asset is nearing overbought territory.  Still, both the 50-day ($2,024.08) and 200-day ($2,479.18) simple moving averages (SMA) remain below the current price, reinforcing a bullish outlook. Ethereum price prediction  According to the Ethereum...

Shiba Inu is one of the leading cryptocurrency tokens to exist in the present day. The token is undoubtedly one of the most promising coins, the one capable of delivering stable returns, provided the token keeps pursuing a steady price path, with investors eyeing its spike to the ambitious $0.01 price spot. However difficult SHIB’s path towards $0.01 may seem, here are the two surefire ways that can help Shiba Inu surge to $0.01 within two years. Also Read: Currency News Today: US Dollar Is On Its Way Down, Says Analyst Shiba Inu’s $0.01 Dream: The Ultimate Pathway 1. Fierce Burn Mechanisms Through Shibarium Source – CoinCodex Shiba Inu will need to reduce its circulating supply for SHIB to breach the $0.01 price path. SHIB at present has trillions of tokens in supply; the token will need to adapt to fierce burn mechanisms to balance the token supply. In its wake, Shibarium can help tremendously in the process, as the layer 2 chain comes with its own nuanced burn mechanism. Shibar...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The cryptocurrency market, like many financial markets, is in a rather uncertain position currently. There are a host of macroeconomic pressures and geopolitical tensions that could have a negative impact on price, meaning every small development is an important insight into investor behavior. This is true for the Pi Network, with 86 million of its native tokens being withdrawn and its price surging. The cryptocurrency seemingly burst onto the scene in 2025. Although there has been some negative pressure on the industry, the asset has been a bright spot. Moreover, its performance amid some interesting investor action has many believing that its best days are still ahead. Source: The Network Journal Also Read: Pi Coin Predicted To Reach $2.50; Find Out When Pi Coins leaving OKX in Bunches as Price Jumps More Than 11% It has been an interesting week for the cryptocurrency market. Bitcoin has bounced back, with the leading crypto often giving insight into where the industry could go next....