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US-China trade relations will take center stage once again on June 9, as senior officials from both countries meet for trade discussions in London. The discussions follow a phase where both nations were dealing with rising disputes, mainly about tariffs and economic matters. While these talks are essential for resolving trade issues, some investors are
The post US China Trade Talks Set For June 9; Crypto Market To Rally? appeared first on CoinGape.
Galaxy Digital may have lost faith in Ethereum and is angling for a massive offload of ETH tokens in the near future. The financial services firm has moved 23,900 ETH to Coinbase in a move that triggered sell-off concerns for the largest altcoin.
Fresh on-chain data suggests that Galaxy Digital is jockeying to sell off a substantial portion of its Ethereum holdings. According to an X post by Lookonchain, the firm has transferred 23,900 ETH, worth a staggering $42 million, to Coinbase.
Galaxy Digital moved the ETH holdings from its OTC wallets in multiple transactions, transferring the holdings to Coinbase in under eight hours.
“OTC wallets of Galaxy Digital have deposited 23,900 ETH ($42.52M) to Coinbased in the past 8 hours,” wrote Lookonchain.
The ETH transfers have since sparked concerns of an incoming sell-off by the financial services firm. Traditionally, whales moving a significant amount of their holdings to centralized exchanges are a tell-tale sign of an incoming asset sale.
Sentiment for a sell-off is high in this case, given the sheer volume of ETH transfers to Coinbase and Galaxy Digital’s previous track record. Last week, Galaxy Digital offloaded ETH to purchase SOL on Binance, triggering a price slump for the largest altcoin.
Recent plays are indicating a changing stance by Galaxy Digital toward Ethereum. Previously, the firm went on an ETH accumulation spree with CEO Mike Novogratz buying a significant number of assets.
The financial services firm is now turning its gaze toward Solana from Ethereum, given the wave of market challenges faced by ETH. An unenthusiastic price performance that sees Ethereum struggle to hit $2,000 and Solana’s glowing metrics is dousing Galaxy Digital’s enthusiasm for the largest altcoin.
Despite the moves, the recent ETH sales may be short-term efforts by the firm to meet its immediate liquidity needs. Furthermore, the movement of funds may be a change in internal custody processes and not an actual sale.
Ethereum price is holding its own since Galaxy Digital moved its ETH holdings to exchanges. ETH is trading at the $1,800 mark with whales scooping 10M ETH in a show of faith in the beleaguered asset.
The post Galaxy Digital Deposits 23,900 ETH On Coinbase Sparking Sell-Off Concerns appeared first on CoinGape.
Altcoins like AIXBT, Echelon Prime (PRIME), and Balancer (BAL) have posted massive gains heading into the first week of May, but key technical indicators now suggest all three may be overbought. AIXBT is up nearly 95% on the week with strong price momentum, yet it still lags the broader market with a low relative strength.
PRIME and BAL have both surged over 30% in the last 24 hours, but each shows extreme RSI readings above 70 while also underperforming in relative strength—raising red flags about sustainability. While the rallies have drawn short-term attention, traders should be cautious as these tokens show signs of overheating without broader market confirmation.
AIXBT, one of the most recognized crypto AI agents tokens, has emerged as a top performer, surging nearly 40% in the last 24 hours and over 95% in the past seven days.
This explosive rally places AIXBT among the best-performing altcoins of the week, drawing increased attention from traders and speculators.
However, technical indicators suggest the token may be entering overheated territory, warranting caution in the short term.
The Relative Strength Index (RSI) is a momentum indicator that moves from 0 to 100. Values above 70 mean the asset is overbought and may pull back. Values below 30 suggest it’s oversold and could rebound.
Relative Strength (RS) compares a token’s performance to a benchmark. RS above 1.0 means outperformance. Below 1.0 means underperformance. AIXBT has an RSI of 73.92 and an RS of 0.69. That technically makes it overbought, but still lagging behind the broader market.
This shows that AIXBT’s rally has been sharp, but not strong relative to other assets. The surge may be driven more by short-term speculation than sustained market strength.
Echelon Prime has surged 33% in the last 24 hours, making it one of the day’s top-performing altcoins.
Its trading volume has exploded by 276%, reaching nearly $16 million—an indication of heightened trader interest and momentum.
However, while the price action is impressive, technical indicators are flashing caution in the short term.
PRIME’s Relative Strength Index (RSI) currently sits at 74, firmly in overbought territory. At the same time, its Relative Strength (RS) is just 0.124.
This combination—high RSI and low RS—suggests the recent rally may be unsustainable.
While there’s strong short-term demand, the token lacks confirmation from relative market strength, making PRIME vulnerable to a sharp correction if buying pressure fades.
Balancer has jumped over 41% in the last 24 hours, supported by a sharp rise in trading activity, with volume climbing to $53 million.
The price surge places BAL among the strongest-performing altcoins in the market. However, technical indicators suggest the rally may be overextended despite the breakout.
BAL’s Relative Strength Index (RSI) is at 79.33, signaling extreme overbought conditions. Meanwhile, its Relative Strength (RS) stands at just 0.27, indicating it is still underperforming relative to the broader market.
This combination—very high RSI and low RS—often points to an unsustainable move driven more by hype than underlying strength.
Without relative outperformance to support the momentum, BAL could be at risk of a near-term pullback once buying pressure cools.
The post 3 Altcoins that are Overbought in the First Week of May 2025 appeared first on BeInCrypto.
On Friday, Vaultro Finance officially revealed the first-ever decentralised index fund dashboard on the XRP Ledger (XRPL). Calling it “a new era of on-chain portfolio investing”, the fund protocol announced the launch in a blog post, confirming that it is the first protocol to deliver a fully on-chain index fund interface on XRPL. XRP Ledger Gets a Boost With DeFi Index Fund Dashboard For XRPL users, it’s a biggie, as the Vaultro Finance’s launch brings structured, on-chain investment tools like index funds tracking AI, DeFi, and stablecoins, directly to XRPL users. This eliminated the need for centralised intermediaries and reduced technical barriers, claims Vaultro Finance. The significant milestone also boosts XRPL’s utility beyond payments. It also aligns with Ripple’s push into regulated DeFi and tokenized real-world assets like U.S. Treasury funds. As the Ripple lawsuit remains unresolved, such utilitarian projects could brighten the sentiments within the XRP community. In a… Read More at Coingape.com
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