Category: News

Dogecoin (DOGE) is struggling to regain traction. It has been down more than 5% over the past seven days and has traded below $0.25 since the end of February. Despite brief signs of momentum, technical indicators still reflect a bearish bias, with key resistance levels capping upside attempts.

The Ichimoku Cloud remains red, EMA lines are still bearish, and price action continues to hover below critical trend-confirmation zones. However, a sharp shift in BBTrend and improving momentum metrics suggest traders are watching closely for a potential breakout attempt.

Dogecoin Faces Resistance as Bearish Ichimoku Structure Persists

Dogecoin’s current Ichimoku Cloud chart shows a clear bearish structure, with price action remaining below the Kumo (cloud), which is shaded red in the near term.

The blue Tenkan-sen (conversion line) is positioned below the red Kijun-sen (base line), reinforcing a short-term bearish outlook.

Additionally, the price candles are struggling to break above the Tenkan-sen, which is acting as dynamic resistance and preventing upward momentum from building. This typically signals weak buying pressure in the current market phase.

Looking forward, the Kumo cloud ahead is transitioning from red to green, indicating a potential shift in sentiment if price manages to approach and penetrate the cloud.

However, the cloud itself is relatively thick, which suggests a strong resistance zone that will require significant bullish momentum to overcome. Until price enters or breaks above the cloud, the prevailing bias remains bearish.

The Kumo’s current flat base could also act as a magnet, drawing price toward it, but sustained upside will depend on whether Dogecoin can flip the cloud into support.

DOGE Sees Sharp Reversal as BBTrend Turns Positive

Dogecoin’s BBTrend indicator has flipped strongly bullish, rising to 2 from -3.14 just a day ago.

The BBTrend (Bollinger Band Trend) is a momentum indicator that measures the strength and direction of price movement relative to its Bollinger Bands.

Values above zero suggest bullish momentum, while values below zero signal bearish pressure. The higher the positive value, the stronger the upward momentum; likewise, deeper negative values indicate stronger downward trends.

With DOGE’s BBTrend now at 2, it indicates a potential shift in sentiment and growing bullish momentum. This sharp reversal suggests that buying pressure is increasing and the asset may be entering a recovery phase.

While it doesn’t confirm a sustained uptrend on its own, a BBTrend in positive territory often precedes further gains—especially if supported by rising volume and follow-through in price action.

Traders may view this as an early signal to monitor for potential continuation.

DOGE Must Break $0.206 to Flip Trend—Or Risk Dropping to $0.168

Dogecoin’s EMA lines remain in a bearish alignment, with short-term averages still below the long-term ones, reflecting ongoing downward pressure.

If the current bounce fails to gain strength, DOGE could soon retest support at $0.168, which has held in recent sessions. Without a decisive shift in momentum, this level may act as a magnet for price action in the near term.

The absence of an EMA crossover keeps the overall trend bearish for now.

On the flip side, if momentum strengthens and DOGE manages to break resistance at $0.206, it could trigger a broader reversal. In that case, the next upside targets would be $0.232 and potentially $0.254, assuming sustained follow-through.

The post Dogecoin (DOGE) Struggles to Break Out—Can Rising Indicators Shift the Trend? appeared first on BeInCrypto.

Crypto options expiry this week concerns over $3.5 billion in notional value. The high volume of expiring options is expected to create short-term volatility in the market.

These expiring options coincide with rising global uncertainty amid geopolitical tensions, so traders and investors should prepare for the impact.

Crypto Markets to See $3.5 Billion in Bitcoin, Ethereum Options Expire

With over $3.5 billion worth of Bitcoin and Ethereum options expiring today, data on Deribit shows BTC contracts account for most of it. Today, 27,959 Bitcoin option contracts will expire, sending up to $2.9 billion in notional value down the drain.

The maximum pain level is $106,500, slightly above Bitcoin’s price as of press time. Option traders will experience the most losses at this level.

Meanwhile, these expiring Bitcoin contracts have a put-to-call ratio of 0.91, highlighting the prevalence of Call (purchase) options rather than Put (sale) options. This means traders are leaning bullish rather than bearish.

At the same time, 246,849 Ethereum contracts will expire today, accounting for $617.6 million in notional value.

According to data on Deribit, these expiring options have a put-to-call ratio of 1.14. The maximum pain level or strike price is $2,650. Notably, Ethereum’s put-to-call ratio is above 1, showing a prevalence of Put (sale) options rather than Call (purchase) options.

Ethereum’s put and call options distribution suggests a market tilt toward protecting against ETH price drops, based on the higher put-call ratio of 1.14.

As of this writing, Bitcoin was trading for $104,342, well below its strike price of $106,500. In the same way, Ethereum was also trading below its maximum pain level of $2,650. ETH was exchanging hands for $2,515 as of press time.

According to the Max Pain theory in crypto options trading, as options near their expiration, the underlying asset’s price tends to gravitate toward the strike price. Here, the greatest number of options (calls and puts) would expire worthless, causing maximum financial loss (or “pain”) to option holders.

This theory hinges on the assumption that market makers or large institutional players (smart money), often on the other side of options trades, may influence the underlying asset’s price through trading or hedging activities. Their actions push prices toward the max pain points.

It happens as market makers profit when options expire worthless, as they collect the premiums without paying out.

Ethereum Upside Flows Are Strong Heading Into Expiry

Greeks.live analysts highlight bearish dominance, as seen with multiple traders shifting to buy puts for protection. Deribit notes that ETH upside flows are heading into expiry.

“ETH upside flows are strong heading into expiry. Will traders keep chasing it after Friday, or is this where it cools off?” Deribit posed.

This contrasts with Ethereum’s max pain point, indicating potential volatility given that option expiries often trigger price swings as traders adjust positions. This is especially true when flows defy max pain expectations.

“The group appears divided on market direction, with bears dominating the conversation as multiple traders have shifted to buying puts for protection,” analysts at Greeks.live wrote, highlighting market sentiment.

Analysts at Greeks.live attempt to explain the Put protection strategy, which is displayed among traders who are hedging for downside risk.

According to the analysts, traders are buying put spreads and protective puts, positioning themselves strategically after months of bullish sentiment.

High volatility environment is creating attractive opportunities for put protection, with traders anticipating two standard deviation events and significant price wicks from unexpected news catalysts,” they added.

Catalysts in this regard include US-China trade deals, recent economic indicators such as US CPI inflation data, and developments in the Israel-Iran war.

According to JPMorgan, escalations in the Middle East could derail the Fed’s push to a 2% inflation target.

The post Over $3.5 Billion Crypto Options Expire Today Amid Strong Ethereum Upside Flows appeared first on BeInCrypto.

After being denied by US District Judge Analisa Torres last month, Ripple and the SEC filed another motion to finally end their landmark legal battle. The two parties are again trying to relitigate Ripple’s right to sell securities.

However, legal commentators called this effort a “rare whiff” from Ripple’s legal team and do not believe it will work. If the court denies again, the company may need to accept its ban on selling securities for the time being, at least to retail investors.

Ripple and SEC Saga Continues

The SEC vs Ripple case, a landmark enforcement action of the Gensler era, has been dragging on for a while now. Despite the Commission dropping its suit in March, remaining loose ends have kept the two parties returning to court.

Today, they returned before Judge Torres, once again attempting to wrap up the last disputes.

NEW: The @SECGov and @Ripple have jointly requested a Manhattan District court to dissolve the injunction in their ongoing case and release the $125 million civil penalty held in escrow.

They’re proposing that $50 million be paid to the SEC, with the remaining funds returned… pic.twitter.com/UopQuQNG5q

— Eleanor Terrett (@EleanorTerrett) June 12, 2025

Judge Torres rejected Ripple’s last joint filing with the SEC in May, causing the two parties to scramble to meet a June 16 deadline.

Their proposed deal cites a few “exceptional circumstances,” such as the SEC’s total shift on crypto policy, as sufficient justification to change a prior ruling.

The issue is whether the SEC should ban Ripple from selling securities under Gary Gensler. Simply put, the current Commission would like to reverse this decision. Large fees are also in the mix, but they’re a secondary concern.

Still, Fred Rispoli, a trial lawyer specializing in crypto cases, expressed skepticism with the move, considering the proposal sloppy:

“I don’t like this filing based on how obvious it was from Judge Torres’ last ruling that she was pissed. I recommended a long, detailed motion explaining the SEC’s failures in crypto regulation (with Commissioner declarations) and some apologies from Ripple for what it got tagged on. Instead, we got one paragraph on the other SEC dismissals and a paltry mention of the SEC Crypto Task Force. Oof,” Rispoli stated.

Legal experts on social media think this filing doesn’t make substantial changes in legal citations from the last attempt, and they believe Torres will reject this one, too.

However, in all likelihood, Judge Torres has the legal grounds to recognize the SEC’s renewed direction and accept this motion to dismiss the lawsuit.

So, June 16 remains the key date. If this motion doesn’t persuade the Judge, Ripple will have to wait until 2026 for another chance at dismissal.

At a certain point, even if both institutions wish to permit non-institutional securities sales, the choice may be out of their hands. Ripple may need to start seriously preparing for a future where it cannot reverse this ruling, period.

The post SEC and Ripple Files Another Request to Reverse Securities Ruling appeared first on BeInCrypto.

Ethereum (ETH) is showing mixed signals as it hovers near a critical technical zone, with traders closely watching for a breakout or breakdown. On one hand, the BBTrend has flipped sharply bullish, jumping to 4.99 after hitting -3 just a day earlier—suggesting growing upside momentum.

On the other hand, whale activity continues to decline for the seventh consecutive day, a potential sign of weakening institutional confidence. With ETH stuck between strong resistance at $2,900 and key support at $2,679, the next move could define the short-term market direction.

Ethereum BBTrend Flips Bullish: What 4.99 Means for Price Action

Ethereum’s BBTrend has surged to 4.99, rising sharply in the past few hours after hitting a negative peak of -3 just yesterday.

This sudden momentum shift suggests a potential reversal from bearish to bullish conditions, as the trend strength has turned positive and is now approaching the upper threshold that typically signals a breakout scenario.

BBTrend, or Bollinger Band Trend, measures the directional strength of price movement relative to the Bollinger Bands. Values above 0 indicate upward momentum, while values below 0 suggest bearish pressure.

A reading around 4.99 indicates strong bullish momentum. If this trend holds or strengthens, it could signal further upside for ETH as traders interpret the move as a shift in market sentiment and positioning.

ETH Whale Count Declines for 7 Straight Days: Bearish Signal Ahead?

The number of Ethereum whales—wallets holding between 1,000 and 10,000 ETH—has steadily declined to 5,378, down from 5,427 just ten days ago and 5,400 three days ago.

This marks seven consecutive days of decline, which may reflect cautious behavior among large holders, despite Ethereum futures open interest recently hitting an all-time high.

These whales often gauge institutional or high-net-worth investor sentiment, and sustained reductions in their numbers typically indicate either profit-taking, risk reduction, or decreased confidence in near-term price action.

Tracking whale activity is crucial because these large addresses have the power to influence market trends through their trades. When whale counts increase, it’s often interpreted as accumulation, which can signal strong conviction in future price growth.

Conversely, a consistent decline—like what we’re seeing now—suggests that major holders may be offloading positions or refraining from buying.

This behavior can weaken price support and lead to increased volatility. If the downtrend in whale count continues, it could place downward pressure on ETH and increase the risk of a broader market pullback.

Ethereum Approaches Critical Support as $2,900 Resistance Holds

Ethereum recently failed to break through the resistance near $2,900 and is now trending lower, approaching a key support level at $2,679. If this support is tested and fails to hold, the next downside targets are $2,479 and potentially $2,326, especially if bearish momentum accelerates.

These levels are critical, as a confirmed break below them would indicate a shift in short-term market structure and could trigger further selling pressure.

With whale activity declining and market sentiment appearing cautious, Ethereum is now at a technical crossroads.

On the flip side, the BBTrend indicator has shown a strong bullish reversal, suggesting buying pressure may be building. If Ethereum regains momentum and successfully retests and breaks the $2,900 resistance, it could open the door for a rally toward $3,000—a level not seen since February 1.

Such a move would likely reinforce bullish sentiment and attract renewed interest from sidelined traders.

However, for that scenario to play out, bulls must first reclaim lost ground and flip $2,900 into a solid support zone.

The post Ethereum Price Faces Risk as Whale Activity Continues to Decline appeared first on BeInCrypto.

Earlier today, Israel launched a ‘pre-emptive strike’ on Tehran and declared a state of emergency. This rapid escalation of the conflict drove the crypto market into a freefall.

Over the past 24 hours, total liquidations amounted to $1.15 billion. Additionally, the overall market is down by 6.6%.

Crypto Market Plunges Amid Israel-Iran Conflict

According to CNN, Israel’s strikes targeted Iran’s nuclear program and missile capabilities, affecting dozens of locations. The attack reportedly eliminated Iran’s top military leaders and senior nuclear scientists. It was confirmed that General Hossein Salami, the Commander-in-Chief of Iran’s Islamic Revolutionary Guard Corps (IRGC), was killed. 

“Iran’s state television says Deputy Commander in Chief of all Armed Forces, General Gholam Ali Rashid, has been killed, along with nuclear scientist Fereydoon Abbasi,” The Kobeissi Letter posted.

To prepare for potential retaliation, Israel has declared a state of emergency, closing schools, banning gatherings, and mobilizing tens of thousands of soldiers.

Furthermore, Iran is preparing a ‘lethal‘ response against Israel following the attacks. It has already appointed General Vahidi, the former head of the Quds Force, as the new commander of the IRGC.

Admiral Habibollah Sayyari has succeeded the late General Bagheri as the acting Commander-in-Chief of the Armed Forces of the Islamic Republic of Iran.

Statement No. 1 of the General Staff of the Armed Forces

In the early hours of Friday, 23 Khordad (June 12), the Zionist regime carried out an aggressive and reckless attack on several areas of the country, including both civilian and military zones. This assault resulted in… pic.twitter.com/TyQtkxPMmU

— Iran Military (@IRIran_Military) June 13, 2025

The rising tension between the two nations has caused significant turbulence in the market. Dow Jones Industrial Average futures fell by 1.3%, S&P 500 futures dropped 1.4%, and Nasdaq 100 futures plunged by 1.6%.

Meanwhile, the crypto market wasn’t spared. Earlier on Thursday, BeInCrypto reported that any escalation in the Iran-Israel conflict would significantly impact the crypto market due to FUD. This materialized as the latest data showed that the crypto market depreciated by 6.6%.

Nine of the top ten coins saw losses over the past day. Bitcoin (BTC) nosedived from over $108,000 to $104,112. However, altcoins suffered the harshest blow. 

Solana (SOL) lost nearly 10% over the past day. Ethereum (ETH) trailed closely with a 9.3% downtick. Among the top 100 coins, Fartcoin (FARTCOIN) and Ethena (ENA) stood out for double-digit losses of 17.3% and 15.9%, respectively. 

These declines forced 247,769 traders out of their positions over the past 24 hours. According to Coinglass data, $1.15 billion has been liquidated from the crypto market.

Bitcoin faced $427.75 million in long and $19.10 million in short liquidations. Ethereum followed with $244.74 million in long liquidations and $43.57 million in short liquidations, highlighting the scale of market turmoil. 

Nonetheless, the conflict drove oil and gold up. Oil prices spiked by more than 10%. U.S. West Texas Intermediate rose to $74.99 per barrel, marking a 10.21% uptick.

The global benchmark Brent increased by 10.28% to $76.48 per barrel. Gold also gained 1.2% to reach $3,426.

Analysts Divided Over Israel-Iran Conflict’s Impact on Crypto

As Iran prepares for retaliatory actions, it’s clear that the impact will be felt across markets. Amid this volatility, the cryptocurrency market, particularly Bitcoin, has become a focal point of debate among analysts. 

Opinions are sharply divided on its role as a “digital gold” during geopolitical crises. Veteran economist Peter Schiff argued that Bitcoin’s price drop contrasts starkly with gold’s rise as investors sought safe havens. 

“Bitcoin’s failure to rise against gold—despite over 3.5 years of hype, including a dozen ETFs, Super Bowl ads, El Salvador, NFTs, tens of billions of leveraged buying by MSTR, other Bitcoin treasury companies, the election of a Bitcoin president, and the establishment of a Bitcoin Strategic Reserve—is strong evidence that the bubble has peaked,” Schiff said.

Another analyst echoed his view, claiming that Bitcoin is not a safe haven but more akin to a tech stock.

“It is important to understand that Bitcoin shows its true colors as Israel attacks Iran. It is not an alternative-currency, it is not a safe haven, it is a risk asset, just like another tech stock, that will decline when the market goes to a risk-off posture,” the post read.

However, crypto advocate Anthony Pompliano maintained an optimistic outlook. Drawing parallels to an earlier incident when Iran launched 300 missiles at Israel, Pompliano noted that Bitcoin rebounded to outperform both oil and gold.

“Bitcoin ended up outperforming the other two over the first 48 hours in that situation. Will be interesting to see what happens here,” Pompliano stated.

Moreover, a recent BlackRock report revealed that while Bitcoin may underperform in the short term during geopolitical shocks, it has historically rallied double digits within 60 days post-crisis, outpacing gold and equities. 

Despite immediate market jitters, this suggests a longer-term bullish outlook for the cryptocurrency. Still, the divide reflects broader uncertainties about Bitcoin’s maturity as an asset, with gold’s millennia-long stability pitted against Bitcoin’s 16-year track record. As markets stabilize, analysts will closely monitor price movements, with some betting on Bitcoin’s recovery and others clinging to gold’s proven reliability.

The post Crypto Market Loses Over $1 Billion as Israel Attacks Iran appeared first on BeInCrypto.

SharpLink Gaming’s shares nosedived by 70%, driven by widespread confusion over regulatory filings tied to its $425 million Ethereum treasury strategy. The sharp drop, rather than the treasury move itself, dominated financial discussions and left investors scrambling to understand the fallout.

As speculation spread about the causes behind the plunge, SharpLink chairman Joseph Lubin offered some clarifications.

Misreading Filing Triggers Historic 70% Drop

SharpLink Gaming’s historic collapse caught markets off guard. While the company’s plan to make Ethereum its core treasury asset was already public knowledge, it was a regulatory S-3ASR filing that caused confusion. Many investors mistakenly believed this filing signified insider selling, not realizing it was a standard procedure following a private placement.

“The first Ethereum ‘Treasury company’ $SBET falls -75% after hours,” FinanceLancelot posted

The SEC S-3 filing involved is routine in such transactions, registering shares for potential resale but unrelated to immediate insider sales. The misunderstanding triggered panic, causing shares to tumble by more than two-thirds in a matter of hours.

SharpLink had previously made headlines with its $425 million private placement, making it the first NASDAQ-listed firm to publicly hold Ethereum as a primary reserve asset. This move set SharpLink apart from bitcoin-focused peers, sparking intense debate and rapid trading activity, but it was the misinterpretation of the latest filing—not the Ethereum strategy itself—that proved most consequential for its stock price.

The scale of the Ethereum treasury and the departure from typical Bitcoin positioning had added to market buzz, but investor reactions were ultimately shaped by regulatory misunderstanding rather than the underlying financial strategy.

Joseph Lubin Steps In to Steady the Market

Recognizing the confusion and panic gripping the market, Joseph Lubin appeared on social media to offer much-needed clarification. He stressed that neither he nor Consensys had sold any shares and explained the true purpose behind the S-3 filing, emphasizing its hypothetical and routine nature following private placements.

“Some are misinterpreting SBET’s S-3 filing: It registers shares for potential resale by prior investors. The “Shares Owned After the Offering” column is hypothetical, assuming full sale of registered shares. This is standard post-PIPE procedure in tradfi, not an indication of actual sales. To clarify, neither Consensys nor I have sold any shares,” Joseph Lubin posted

Lubin’s intervention brought greater understanding to a panicked market and underscored the need for improved financial literacy around standard regulatory protocols, especially as the worlds of crypto and traditional finance intersect. However, the positive impacts are yet to be reflected in SharpLink Gaming’s stock prices.

The post SharpLink Gaming Shares Plunge 70%, Chairman Joseph Lubin Offers Clarification appeared first on BeInCrypto.

Societe Generale has introduced USD CoinVertible (USDCV), a US dollar-backed stablecoin designed for institutional clients and fully compliant with MiCA regulations.

USDCV will launch on the Ethereum and Solana blockchains, and trading will begin in July 2025. The Bank of New York Mellon will serve as custodian for its reserves.

New Institutional Stablecoin Prioritizes Regulatory Compliance

Societe Generale-FORGE, a regulated arm of France’s Societe Generale bank, has officially announced the launch of USD CoinVertible (USDCV). This stablecoin targets only institutional users and is unavailable to US residents.

Running on Ethereum and Solana, USDCV offers fast settlement and enhanced interoperability for institutional markets.

The timing aligns with rising demand for regulated digital assets. Each USDCV is pegged to the US dollar, with reserves held by The Bank of New York Mellon. 

“After the release of a MiCA-compliant EUR stablecoin (EURCV), the launch of a US Dollar version (USDCV) was the obvious next step for Societe Generale–FORGE as market adoption of stablecoins is growing exponentially. The stablecoin market remains largely US Dollar denominated. This new currency will enable our clients, either institutions, corporates or retail investors, to leverage the benefits of an institutional-grade stablecoin” said Jean-Marc Stenger, Chief Executive Officer of Societe Generale – FORGE.

Societe Generale-FORGE’s approach ensures strict supervision and transparency, meeting the evolving needs of European and global markets.

The French baking giant’s crypto arm will provide daily public updates detailing the composition and value of reserves. These disclosures will be readily available via their collateral disclosure page, allowing stakeholders to verify collateralization in real time.

The Bank of New York Mellon’s custodianship adds another degree of security, supporting Societe Generale-FORGE’s reputation for institutional-grade asset management. 

This USD-backed launch follows the earlier success of EUR CoinVertible, Europe’s first institutional stablecoin on a public blockchain, introduced in April 2023. That initiative demonstrated Societe Generale-FORGE’s expertise in regulatory compliance and digital infrastructure. 

The news comes as the US Department of the Treasury predicts that the stablecoin market could reach a market capitalization of $2 trillion by 2028. It was also reported that major US financial institutions, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and other commercial banks, are engaging in preliminary discussions to launch a stablecoin jointly. 

Meanwhile, stablecoins are gaining significant traction across Asia as well.

The post Societe Generale Unveils US Dollar-Pegged Stablecoin on Ethereum and Solana appeared first on BeInCrypto.

With Bitcoin making it past $110,000 over the last 24 hours, the whole crypto market witnessed a surge. Meme coins managed to make the most of this with their market cap rising by 5.7% to stand at $66.62 billion.

BeInCrypto has analyzed three meme coins for investors to watch as they managed to emerge as chart toppers.

Mog Coin (MOG)

• Launch Date – July 2023
• Total Circulating Supply – 390.56 Trillion MOG
• Maximum Supply – 420.69 Trillion MOG
• Fully Diluted Valuation (FDV) – $429.88 Million
• Contract Address – 0xaaee1a9723aadb7afa2810263653a34ba2c21c7a

MOG has emerged as the top-performing meme coin, posting a 27% rise in the last 24 hours. Currently trading at $0.000001095, the coin is nearing a critical resistance level of $0.000001121. A successful breach of this barrier could lead to further price gains for the altcoin.

The exponential moving averages (EMAs) are converging, indicating a potential Golden Cross in the coming days. If bullish momentum persists, this crossover could push MOG’s price to $0.000001205 or higher. The combination of the EMAs and increased buying pressure suggests a possible continuation of the positive trend for MOG.

However, if MOG fails to breach the $0.000001121 resistance or if selling pressure increases, the meme coin’s price could decline. A drop to the support level of $0.000000966 would invalidate the current bullish outlook. This would signal that MOG’s price could struggle to maintain upward momentum in the near term.

Neiro (NEIRO)

• Launch Date – August 2024
• Total Circulating Supply – 420.69 Billion NEIRO
• Maximum Supply – 420.69 Billion NEIRO
• Fully Diluted Valuation (FDV) – $207.39 Million
• Contract Address – 0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee

NEIRO price has surged 18% in the last 24 hours, currently trading at $0.000494. The altcoin is approaching a key resistance level at $0.000512, and a breakout above this barrier could lead to further price gains.

The Ichimoku Cloud indicator below the candlesticks suggests that a breach of $0.000512 could propel NEIRO to $0.000548. This potential rise would extend profits for NEIRO holders, reinforcing the bullish outlook. If the momentum continues, the meme coin could reach new levels in a relatively short time.

However, if NEIRO fails to secure its recent gains or faces increased selling, the price could slip to $0.000417. Such a decline would invalidate the bullish thesis, signaling a reversal in sentiment and further downward movement. The support level at $0.000417 is crucial for maintaining upward potential.

Small Cap Corner – Housecoin (HOUSE)

• Launch Date – April 2025
• Total Circulating Supply – 999.83 Million HOUSE
• Maximum Supply – 999.83 Million HOUSE
• Fully Diluted Valuation (FDV) – $38.43 Million
• Contract Address – DitHyRMQiSDhn5cnKMJV2CDDt6sVct96YrECiM49pump

HOUSE has emerged as one of the best-performing meme coins of the day, surging by 22% in the last 24 hours. Currently trading at $0.038, the altcoin’s strong price movement indicates growing interest. If the current momentum continues, HOUSE could break through key resistance levels and further rise.

The Relative Strength Index (RSI) shows that bullish momentum is strengthening for HOUSE, with the indicator nearing a breach of the neutral mark of 50.0. This move would confirm continued upward momentum, potentially pushing HOUSE past $0.042 and towards $0.053, offering significant profits to its 22,450 holders.

However, if broader market cues turn bearish, HOUSE could follow the negative trend and slip to $0.031. Such a decline would invalidate the current bullish thesis, signaling a potential price correction. The market’s overall sentiment will play a key role in determining the coin’s future price movement.

The post Mog Coin Nears Golden Cross With 27% Rally | Meme Coins To Watch Today appeared first on BeInCrypto.

Plasma’s highly anticipated ICO (Initial Coin Offering) for its XPL token closed its vaults after raising $500 million from over 1,100 depositors.

The event, which marked a dizzying display of capital deployment and gas wars, has raised concerns among community members.

Plasma ICO Raises $500 Million Amid Whale Frenzy, Expecting $1–2 Billion Unlock?

While the token has not yet been launched, expectations are already swelling that the final unlock could bring in $1 billion to $2 billion, if not more.

“We have reached our deposit cap of $500 million. We are thrilled that 1,100+ wallets participated, with a median deposit amount of ~$35,000. Trillions,” Plasma announced.

Amid the headlines and hype, however, a deeper story is emerging. Concerns extend from whale domination and insider access to a growing sense that token launches are increasingly becoming gated events for the crypto elite.

The numbers show that only a handful of wallets accounted for outsized allocations. More specifically, the top three contributors alone deployed over $100 million collectively.

Perhaps more shocking, one user reportedly paid 39 ETH (approximately $104,871 at current rates of $2,689) in gas fees, which secured them a $10 million USDC allocation.

“This guy spent 100k in gas (230,000 Gwei) to get his deposit in for Plasma,” wrote MonaMoon, the founder of the Duck Frens NFT project.

This illustrates the intensity of FOMO and the lengths participants were willing to go to for early access. Notwithstanding, the frenzy has come at a reputational cost. With whales taking the lion’s share, many are calling this launch anything but fair.

“…it’s an obvious skip for the community…Only 100 wallets with $50 million each… these wallets alone will create an oversubscription of 100x… unfortunately, it’s not a fair launch, even though the price is very attractive,” warned an X user before the raise closed.

Despite offering just 10% of the total XPL token supply in the public sale at a $500 million FDV (fully diluted valuation), retail users were effectively pushed to the sidelines. They will likely only get in later, at 10x to 16x the price.

Critics Slam Plasma’s Tech and Tokenomics- ICO Was a Lockout, Not a Launch

This sharp disparity has some dubbing it a “whale sale,” rather than a launch accessible to the broader community. Further, there may be more than just bad optics at play. Crypto trader Hanzo raised serious red flags, suggesting possible coordinated insider behavior.

Money laundering or just a huge insider play?

Plasma’s ICO got filled in 2 minutes:

• 100 wallets
• $48M funded
• source Coinbase Premium

Must-read TRUTH even if you didn’t hear about Plasma before pic.twitter.com/fxTOcbrXy1

— Hanzo (@DeFi_Hanzo) June 9, 2025

Hanzo calls out over 100 wallets, each receiving 48 million USDC, before the token even launched, highlighting that some of these wallets approved token interactions before the token contract went public.

“That means insiders had early access to mint and trade. This wasn’t a surprise launch — it was a private party. Retail wasn’t invited,” he claimed.

The mechanics of the raise also raise questions. Hosted on Sonar/Echo, dubbed by some as “the CoinList of this cycle,” a time-weighted share of vault deposits determined plasma’s deposit period.

Participants had to lock stablecoins on Ethereum, with a minimum 40-day lockup. However, with the deposit cap abruptly raised to $500 million and filled almost instantly, many users were left wondering whether this was ever meant to be an open opportunity.

Even the technology underpinning Plasma has not escaped scrutiny. A user broke down the chain’s architecture and found it lacking.

“Plasma is another L1 chain… It uses a ‘classic’ pBFT consensus layer, with Proof-of-Stake… and Bitcoin as ‘settlement’ by simply publishing state differences… It looks a lot like many alt-L1 EVM forks… It surfs on the Bitcoin “side-chain” marketing campaign and is pushed by influencors.. but I am not convinced at all,” the user noted.

In his view, Plasma’s use of influencers and Bitcoin branding is more marketing veneer than technical substance.

What makes this worse is how well it’s working.

Influencers are hyping it. Retail is showing up.

The liquidity is flowing — right where it needs to.

Everything is going according to plan.

— Hanzo (@DeFi_Hanzo) June 9, 2025

Still, not everyone agrees. Zaheer from SplitCapital praised the distribution, noting a broad holder distribution with over 1,100 wallets and only one wallet holding $50 million.

“All things considered insanely good distribution of holders for Plasma at $500m total size of deposit. Seeing a ton of folks with smaller amounts on here and only one entity with $50m in a wallet. Well done,” he stated in a post.

According to Zaheer, this contrasts with the typical whale-dominated ICOs and suggests a more inclusive allocation strategy.

Plasma’s ICO serves as a mirror to today’s market mechanics, where speed, size, and for some, connections, often matter more than innovation or accessibility.

Whether Plasma becomes a foundational chain or another cautionary tale will depend on the unlock numbers and how its ecosystem fairs beyond the ICO hype.

The post Plasma ICO Raises $500 Million in Whale-Led Frenzy — Is the Game Rigged for Retail? appeared first on BeInCrypto.

HBAR has recently made an attempt to recover from previous losses, aiming to reach the next major resistance level. 

As the altcoin gains momentum, traders are finding relief, especially with the support of favorable market conditions. This could allow HBAR to continue its upward trajectory and avoid liquidation risks.

HBAR Traders Saved From Losses

Currently, the MACD (Moving Average Convergence Divergence) indicator is signaling a bullish crossover. This shift marks the end of a bearish crossover that had been active for more than three weeks. The MACD line crossing above the signal line suggests a potential reversal in momentum, which could help HBAR recover its recent losses. This shift is particularly significant for traders looking to regain confidence in the token’s price movement.

As the MACD crossover takes place, the market sentiment around HBAR is turning more positive. The shift to bullish momentum provides traders with optimism, supporting the potential for a quicker recovery. With this technical indicator signaling a trend reversal, HBAR could see increased buying pressure, which may help it surpass its resistance levels in the near future.

The liquidation map further emphasizes how crucial the recent price action has been for HBAR traders. Had HBAR’s price dropped to the next support level at $0.163, it could have triggered $37.2 million worth of long liquidations. This would have caused significant losses for traders holding long positions. However, with the bullish crossover, HBAR’s price action has provided a much-needed relief, preventing a drop to the critical support level.

For many traders, this shift in momentum has been a welcome development. With the liquidation risk mitigated, long traders are more likely to remain active in the market. This continued optimism from bullish traders is key to maintaining upward pressure on the price, supporting the potential for HBAR to break through resistance levels and recover its previous losses.

HBAR Price Needs To Breach Key Barrier

At the time of writing, HBAR is trading at $0.176, just under the resistance level of $0.182. The bullish crossover, along with the support from the technical indicators, could help HBAR breach this barrier. If successful, the altcoin will likely continue to rise, targeting higher resistance levels.

Flipping $0.182 into support would signal the start of an uptrend and solidify the recent gains. This shift would confirm the continuation of the bullish momentum, enabling HBAR to push past $0.189. The strong support from traders and market indicators suggests that HBAR could see further price growth if it maintains this upward momentum.

However, if HBAR fails to breach the $0.182 resistance and faces selling pressure, the price could decline back to the local support of $0.172. A drop below this support could lead to a further slide to $0.163, invalidating the bullish outlook. Such a decline would trigger $37.2 million in long liquidations, dampening the market sentiment and potentially reversing the upward trend.

The post HBAR Traders Saved From $36 Million Liquidations Thanks To Bullish Crossover appeared first on BeInCrypto.