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Controversial crypto trader James Wynn believes that the crypto market will nuke, and we are heading for World War 3 as the Iran-Israel conflict escalates. Although he’s a long-term bull for Bitcoin and crypto, Wynn believes that the market will first see a downside before entering a major bull phase. Wynn said that he’s adding
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Nasdaq-listed VivoPower has achieved a major milestone by becoming the first public company to create an XRP-focused Treasury. To kickstart this initiative, the company has already raised up to $121 million, which it will use to acquire the altcoin. VivoPower To Launch XRP Treasury In a press release, VivoPower announced an XRP-focused digital asset Treasury Strategy, which will encompass the contribution to building out the XRPL ecosystem for real-world decentralized finance blockchain solutions. The company made this announcement while noting that the altcoin could be one of the five digital assets that the US government will accumulate as part of the Strategic Bitcoin Reserve and Digital Asset Stockpile that Donald Trump announced months ago. As part of the move to create this treasury, VivoPower revealed that it has raised $121 million through a private placement, with investors buying an aggregate of 20 million ordinary shares at $6.05 per share. The… Read More at Coingape.com
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The co-founders of President Trump-backed World Liberty Financial (WLFI)—Zach Witkoff, Zak Folkman, and Chase Herro—met with Binance co-founder Changpeng Zhao (CZ) in Abu Dhabi.
Their conversation centered on developing strategic initiatives to standardize and expand the cryptocurrency industry worldwide.
WLFI highlighted the meeting in a post on X (formerly Twitter). The organization stressed that the move marked the start of a broader initiative to drive innovation in the industry. The meeting agenda centered on strategies to accelerate the global adoption of cryptocurrencies.
It also covered the creation of new industry standards. Finally, the participants discussed initiatives to push the crypto sector into its next phase of growth and development.
“The future belongs to the builders, not the bystanders. We’re just getting started,” Witkoff stated.
In a separate post on X, CZ highlighted that he also met with Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), alongside Witkoff. Notably, the meeting comes shortly after WLFI and PCC’s latest collaboration.
BeInCrypto was the first to report that the DeFi project signed a letter of intent with the council to enhance blockchain development, stablecoin adoption, and DeFi growth in the country. Previously, in early April, CZ had joined PCC as a strategic advisor.
“Our goal is to work alongside industry leaders and showcase Pakistan as a global case study in how emerging markets can harness blockchain to create transformative opportunities,” Saqib said.
Zhao also expressed optimism about the meeting. However, he cautioned that traditional media might frame the event negatively.
“I have a feeling the trad media will try to make up some negative story about this. But we keep building,” CZ wrote.
This statement aligns with his recent disputes with mainstream outlets like Bloomberg. CZ criticized Bloomberg’s coverage of his advisory roles with governments like Pakistan, Kyrgyzstan, and Malaysia on crypto policy.
Zhao argued that Bloomberg negatively framed his efforts by emphasizing his past legal issues rather than focusing on his current work.
Meanwhile, the criticism isn’t limited to CZ. World Liberty Financial has also been the center of substantial scrutiny, given its ties to the President. US senators have raised concerns about potential conflicts of interest. In fact, previous reports emerged about the Trump family possibly acquiring a stake in Binance—claims that CZ strongly refuted.
Despite external scrutiny, the high-profile meeting affirms the involved parties’ commitment to building a more solid and collaborative future for the cryptocurrency sector.
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Shiba Inu price has not made any meaningful gains over the past month, as meme coin traders remain cautious due to uncertainty caused by tariffs and the trade war. However, one top trader has used an Elliott Wave analysis to identify a bullish outlook for SHIB, suggesting that it may be on the verge of a 700% rally to $0.0001. Is this price target realistic? Let’s explore.
Analyst CaptToblerone used the Elliott Wave analysis to forecast that the Shiba Inu price was on the verge of a major upside move. The meme coin may have completed the corrective phase near the $0.0000055 price level, suggesting that SHIB may have bottomed and it is now prime for an upward recover.
The analyst noted that Shiba Inu is now prime for five waves of recovery, where the price will climb slowly, with a series of higher highs. If the pattern plays out, Shiba Inu price could rally to as high as $0.00014, which is more than ten times its current price.
CaptToblerone added that the SHIB price had followed the Elliott Wave pattern in the past, suggesting that the rally to $0.00014 will likely happen.
$0.0001 is a realistic target for the Shiba Inu price. At this price, this top meme coin would have a market capitalization of $58.9 billion, which is also a realistic target.
Shiba Inu has been close to attaining this price target in the past. This is because the meme coin’s all-time high stands at $0.000088, attained in 2021. Moreover, several bullish catalysts could make this price rally possible.
One of these catalysts is the SHIB burn rate. If the burn rate can skyrocket, it will remove a significant amount of tokens from the circulating supply. This will help drive the price rally. Additionally, increased activity on the Shibarium layer 2 network will be a catalyst for a positive Shiba Inu price prediction.
The SHIB open interest has rebounded significantly since hitting a record low of $89M last week. At press time, this metric stood at $116M, suggesting that traders are opening new positions on the meme coin, as they bet on a major price move.
The open interest is rising when the funding rates are positive according to data from Coinglass. This indicates that many traders have opened long positions on Shiba Inu. As more traders bet that the price is going to increase, it highlights a bullish market sentiment.
Therefore, if Shiba Inu follows the path laid out in the Elliott Wave analysis, it is likely that the price will surge to $0.00001. This is a realistic target for SHIB as it will give the meme coin a $58 billion market. The rising open interest also supports this bullish outlook.
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