Dig Deeper, Invest Smarter
Crypto exchange Robinhood has listed SUI for its U.S. customers. The token’s price had spiked on the back of the Robinhood SUI listing but has now dipped alongside the broader crypto market, which is currently facing a significant correction. Details About The Robinhood SUI Listing Robinhood data shows that the crypto exchange has listed SUI,
The post Robinhood Lists SUI for U.S. Customers Amid Price Downtrend appeared first on CoinGape.
Cardano (ADA) is up more than 12% over the last seven days and is now trading above $0.70 for the first time since the end of March. Trading volume is also rising, up 33% in the past 24 hours to reach $723 million.
Despite the price recovery, some technical indicators suggest that ADA’s momentum is weakening and approaching key decision points. Here’s a closer look at Cardano’s current setup as the new week begins.
Cardano BBTrend indicator is currently at 7.55, down from 13.27 just three days ago. This sharp decline shows that the strength of recent price expansion has cooled, even though the asset has posted positive daily closes over the last four days.
The falling BBTrend suggests that while ADA has been moving higher, the expansion’s underlying momentum is losing intensity.
This shift highlights a potential slowdown that could impact ADA’s ability to sustain further gains without renewed buying pressure.
The BBTrend, or Bollinger Band Trend indicator, measures the strength of a price trend based on the expansion or contraction of Bollinger Bands.
A rising BBTrend typically signals strong momentum and increasing volatility, while a falling BBTrend suggests weakening momentum or the start of a consolidation phase.
With ADA’s BBTrend now at 7.55, the indicator still points to some positive momentum, but at a much weaker pace than earlier in the week.
If the BBTrend continues to decline, ADA could enter a consolidation phase, but if buying pressure returns, the token could extend its current positive streak.
Cardano Directional Movement Index (DMI) shows its Average Directional Index (ADX) currently sitting at 17.14, a notable drop from 31 two days ago.
This sharp decrease signals that the strength of ADA’s recent trend has weakened significantly. Meanwhile, the +DI (positive directional indicator) is at 19.95, up from 15.96 a few hours ago but still down from 26 two days ago.
The -DI (negative directional indicator) sits at 19.07, slightly down from 21.16 earlier but up compared to 14.49 two days ago, reflecting mixed momentum between buyers and sellers.
The ADX measures the strength of a trend without indicating its direction.
Readings above 25 typically suggest a strong trend, while readings below 20 point to a weak or consolidating market. With ADA’s ADX now at 17.14, trend strength is weak, and neither buyers nor sellers currently have a clear advantage.
The close values between +DI and -DI suggest that Cardano could enter a period of sideways movement unless either bulls or bears regain stronger control soon.
Cardano’s Exponential Moving Average (EMA) lines suggest an uptrend, with the short-term EMAs positioned above the long-term ones.
However, Cardano price has repeatedly tested the support level at $0.69 and is trading very close to it.
This price action signals that while the broader trend remains positive, the bullish momentum has weakened, and the $0.69 support is becoming a critical zone.
If ADA loses the $0.69 support, the next downside targets would be around $0.63, followed by $0.609 and potentially $0.59 if selling pressure accelerates.
On the other hand, if buyers step back in and reinforce the uptrend, ADA could rally to retest resistance at $0.746.
A breakout above $0.746 could open the door for a move toward $0.77, offering a strong bullish setup if momentum strengthens again.
The post Cardano (ADA) Bulls Hold Ground Despite Signs of Slowing Strength appeared first on BeInCrypto.
Several ecosystems will make headlines this week as part of the top crypto news list. Knowing about these events in advance can help traders and investors position their portfolios strategically to capitalize on the expected price movement.
Based on crypto’s adage to buy the rumor and sell the news situation or event, traders and investors can front-run the following events this week.
The BITCOIN Act of 2025 is the top crypto news story this week. Introduced by Senator Cynthia Lummis, the bill proposes the US Treasury acquire 1 million Bitcoin (BTC) over five years to establish a Strategic Bitcoin Reserve, mirroring the scale of US gold reserves.
“Sen Lummis says Trump backs Bitcoin act—bill to buy 1M BTC hits floor next week,” Crypto Goos reported.
Reintroduced in March 2025, the bill gained traction after President Trump’s executive order supporting a federal Bitcoin reserve. The act mandates secure, decentralized storage across the US, with a 20-year minimum holding period and transparency via proof-of-reserve (PoR) audits.
Funding would come from Federal Reserve (Fed) remittances and revaluing gold certificates. While Trump’s backing boosts momentum, passage remains uncertain due to legislative hurdles and debates over fiscal impact.
If passed, it could position Bitcoin as a formal reserve asset, potentially driving a price surge. It would also reinforce US financial leadership.
“By codifying this effort into law, we can ensure that our nation leverages digital assets to strengthen our financial future while maintaining its global leadership,” Senator Lummis said in a statement.
As of this writing, Bitcoin traded for $105,082, up by 0.69% in the last 24 hours.
Another top crypto news story this week concerns Infinex. The multi-chain crypto platform announced a significant airdrop for KAITO stakers.
“For those of you staking KAITO, the airdrop will occur next week. We recommend you have your Genesis NFTs in the same wallet as your sKAITO, as the snapshot will happen soon,” Infinex wrote in a post.
The airdrop follows a $6 million token distribution in May 2025, which propelled Infinex to the top spot on Kaito’s sentiment rankings, with trading volume surging 320% to $18 million within hours.
KAITO, an AI-driven crypto analytics platform, rewards user engagement, and this crypto airdrop targets its stakers, offering tokens to boost ecosystem participation.
Infinex’s non-custodial wallet supports EVM chains and Solana, integrating staking and trading with a user-friendly interface. The airdrop aims to drive liquidity and attract speculators, though historical data suggests potential post-airdrop price volatility.
Beyond crypto airdrops for KAITO stakers, Infinex will also add support for the Avalanche blockchain, expanding its multi-chain wallet capabilities.
“We have received proof of patron from Emin Gün Sirer. Avalanche incoming on Infinex next week,” wrote Infinex Kain.avax.
Emin Gün Sirer is the founder and CEO of Ava Labs and developed the Avalanche Consensus protocol underlying the Avalanche blockchain platform.
The update enhances Infinex’s ecosystem, which supports EVM chains like Base, Arbitrum, Optimism, and Solana (SOL).
Avalanche’s high-throughput, low-latency network will enable Infinex users to trade, stake, and bridge assets seamlessly, tapping into Avalanche’s DeFi and NFT ecosystems.
Meanwhile, Infinex’s passkey-based security and gas-free transactions aim to simplify the user experience and compete with centralized exchanges (CEXs).
The integration could drive trading volume in AVAX and related tokens, with Infinex’s prior $6 million airdrop showing 320% volume spikes. Staking opportunities may also extend to Avalanche assets, attracting yield farmers.
Traders should monitor AVAX price action and Infinex’s token (INF) for potential volatility post-launch.
Also among the top crypto news this week, Ethereum is expected to announce a new initiative in collaboration with Base, Coinbase’s layer-2 scaling solution.
Base, built by Coinbase, enhances Ethereum’s scalability with low-cost, fast transactions while maintaining security. The initiative may focus on advancing DeFi or NFT ecosystems, given Base’s integration with Ethereum’s mainnet.
“Next week, in collaboration with Base and Ethereum, we are pushing a new initiative (for the culture). So look out for that,” Ethereum.org wrote on May 30.
The collaboration could involve new dApps, staking enhancements, or cross-chain interoperability, building on Base’s support for Optimism’s tech stack. This aligns with Ethereum’s broader push to improve user experience and reduce gas fees, potentially boosting adoption.
Another top crypto news this week concerns the World Computer Summit, starting Wednesday, June 3, hosted by DFINITY Foundation in Zurich, Switzerland.
Posts on X suggest that the event will feature major announcements and decentralized computing. It celebrates the fourth anniversary of the Internet Computer Protocol (ICP).
“What is the World Computer Summit 2025? It’s a global gathering of builders, thinkers, visionaries reimagining the internet for a decentralized world. Held in Zurich on June 3, it marks 4 years of the Internet Computer Protocol,” wrote Miss Knighty, a popular user on X.
The summit could reveal advancements in Web3, AI, and blockchain interoperability. Projects like Internet Computer (ICP) may unveil updates on decentralized AI or global compute networks, given their focus on a “World Computer” vision.
Past summits have driven market activity, with tokens like ICP seeing surges post-announcements. As of this writing, ICP traded for $4.93, up nearly 1% in the last 24 hours.
Meanwhile, with key token unlocks to watch this week, the Ethereum-based L2 scaling solution, Taiko, will unlock $46 million worth of TAIKO tokens on June 5. This unlock will constitute over 69% of its circulating supply.
This significant unlock could introduce volatility, as historical data shows large token unlocks often lead to sell-offs.
Taiko’s total supply is 1 billion, with 241 million tokens currently circulating. The unlock of 21.84 million tokens, valued at $42 million in August 2024, suggests a rising token price. With 81.55 million TAIKO tokens unlocked on Thursday, volatility is expected, especially if recipients cash in for early gains.
NotabThesens will be allocated to investors, protocol guild airdrop, and Taiko Labs, constituting the core team.
The post Top Crypto News This Week: Bitcoin Act Bill, Infinex Airdrop, Ethereum-Base Collaboration, and More appeared first on BeInCrypto.
Telegram-linked cryptocurrency Toncoin has emerged as one of the standout performers in the crypto market over the past two weeks. It has defied the broader market’s sluggish momentum to surge by 14% since July 24.
With the altcoin currently trading near $4, on-chain and technical data point to further upside potential in the short term.
According to Coinglass, TON’s liquidation heatmap shows a sizable concentration of liquidity around the $3.77 price zone.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
These heatmaps are visual tools that help traders identify price levels where large clusters of leveraged positions are likely to be liquidated. They highlight areas of high liquidity, with brighter zones representing larger liquidation potential.
For TON, the liquidity cluster around $3.77 shows strong interest from traders looking to buy or close out shorts. That setup could easily spark a fresh price rally soon.
Furthermore, from a technical standpoint, TON’s Relative Strength Index (RSI) remains in a healthy range, indicating there is still room for more growth. At press time, the momentum indicator stands at 67.21.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
TON’s RSI readings indicate market participants are still leaning bullish, with room for more upside before buyers become exhausted.
Amid ongoing market volatility and repeated attempts to push prices down, TON’s funding rate has remained firmly positive, confirming the bullish bias among its futures traders. At press time, it sits at 0.0061%.
The funding rate is a mechanism used in perpetual futures contracts to keep prices aligned with the spot market. When it’s positive, it means long traders (those betting on price increases) are paying short traders. This signals that the majority of market participants are leaning bullish.
A consistently positive funding rate suggests strong confidence in TON’s upward potential, even in the face of broader market uncertainty.
With on-chain and technical indicators confirming the buy-side pressure, TON appears poised to extend its rally in the short term. The token could breach resistance at $3.68 in this scenario and rally toward $4.02.
On the other hand, if demand falls and the bears regain dominance, they could push the altcoin’s price below $3.49.
The post Toncoin (TON) Gains 14% in a Lackluster Market—Is $4 the Next Stop? appeared first on BeInCrypto.