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Iran’s largest cryptocurrency exchange, Nobitex, has suffered a major security breach, resulting in the loss of approximately $48.65 million in USDT on the Tron network. The incident was initially revealed by on-chain cryptocurrency investigator ZachXBT, who flagged suspicious activity involving several wallets associated with Nobitex.  Suspicious Nobitex transactions. Source: ZachXBT According to his Analysis , the stolen funds were quickly funneled into unidentified Tron addresses, indicating a well-coordinated and sophisticated operation. In a statement on June 18, Nobitex confirmed that its hot wallets and parts of its notification infrastructure had been compromised, prompting an emergency shutdown of all access and services.  The exchange assured users that its cold wallets, where most user funds are stored, remain secure and unaffected by the breach. However, Nobitex has not officially disclosed the total amount lost. “Nobitex accepts full respons...

VeChain (VET) is a rather unique cryptocurrency project. While other crypto projects are driving Web3 and decentralization initiatives, VET has given a lot of precedence to pro-environment and climate change programs. The project’s focus on eco-friendly growth could give it the edge needed to become a top player in the crypto industry. Will VeChain’s Pro-Environment Outlook Take It Into The Top 20 Projects? Source: Pixabay One of the most significant drawbacks of the crypto industry is its massive energy requirements. VeChain (VET) has made substantial inroads into reducing not just its carbon footprint but also that of other companies. The project has made incredible use of its blockchain tech to enhance transparency, traceability, and efficiency. Its systems have aided companies in recycling and waste management systems. VeChain’s blockchain has also shown how it can verify sustainable practices. The VET network helps companies track recycled materials in luxury goods or a...

China and Russia are pushing the idea of a BRICS currency while India and Brazil are taking a step back. The upcoming tender is the talk of the town as the alliance is planning to launch it in the markets to take on the US dollar. Russian President Vladimir Putin displayed a mock-up bill at the summit last year, indicating that the plans for a new tender are active. However, India is unhappy with the idea of a BRICS currency and wants to support the US dollar’s reign. It is the only member country that openly said that they do not support the de-dollarization agenda. The statements came after President Donald Trump warned of economic consequences if emerging economies distance themselves from the US dollar. Also Read: BRICS: JP Morgan Predicts How Long USD Will Remain Global Currency Why Is India Worried About the Success of a BRICS Currency? Source: Flickr China has a grip over smaller nations of the alliance through the Belt and Road initiative. It has invested billions in infra...

The world’s first spot XRP exchange-traded fund (ETF), issued by Brazilian cryptocurrency asset manager Hashdex, has plunged sharply over the past month, which aligns with XRP’s broader market performance. Trading under the ticker XRPH11 on Brazil’s B3 stock exchange, the ETF closed at 18.65 BRL ($3.37) on June 13, down 6.33% for the day and 6.75% from its all-time high. However, the more significant decline has come over the past month, with the product down a steep 20.6%. XRPH11 all-time price chart. Source: TradingView Historically, the launch of a spot ETF tends to have a positive effect on the price of the underlying asset.  However, the fund has remained volatile since XRPH11’s debut in late April, closely mirroring XRP’s choppy price action. Despite brief rallies, XRP has struggled to break out above the $2 mark sustainably. To this end, analysts suggest the ETF’s limited influence may stem from the relatively small size of Brazil’s capital markets c...

New data from the market intelligence firm Santiment reveals that Dogecoin (DOGE) rival Shiba Inu (SHIB) could skyrocket as whale activity around the meme asset increases. In a new Analysis , Santiment says that historically, deep-pocketed investors making moves worth over $100,000 have predated peaks in prices for digital assets. “History has shown that seismic upticks in $100,000 whale transactions often come just before prices peak. One of the most telling examples occurred in December 2017, when Bitcoin hit nearly $20,000 for the first time. On December 13, 2017, the number of whale transactions soared to a then-record-breaking amount of 62,317 in a single day, signaling major profit-taking by large investors.” While this could mean an ensuing crash is coming after the rise in price, Santiment says whale activity doesn’t always necessarily mean this is the case, as high-net-worth investors tend to also purchase during dips rather than sell. ...

India’s iPhones ship to US at an absolutely unprecedented 97% rate right now, and this surge between March and May 2025 has catalyzed a dramatic transformation from 2024’s average of just 50%. This massive acceleration in Foxconn’s India iPhone exports has spearheaded Apple’s strategy to dodge those hefty US tariffs on China imports while also optimizing Apple’s iPhone production capacity in India. At the time of writing, these strategic initiatives have revolutionized Apple stock positioning as the company successfully navigates various major trade tensions. Also Read: Buffett’s $92B AI Bet, Apple WWDC, and 4 Must-Watch Stocks How India iPhones Ship to US Helps Apple Avoid Tariffs And Market Risks Source: smartprix.com Foxconn leveraged an incredible $3.2 billion worth of iPhone exports from India during those March-May months, and customs data has engineered clear evidence that nearly all devices were architected to head straight to America. This represen...

The team behind a new currency converting browser extension says it wants to give skeptical online shoppers a better understanding of the crypto world by allowing them to instantly “price the internet in bitcoin (BTC).” Launched earlier this week by news and content platform Truth for the Commoner (TFTC), Opportunity Cost uses CoinGecko data to detect and convert online prices to BTC, sats, or a combination of both, in real time while protecting your privacy. Writing on TFTC’s website, the project’s creator and TFTC founder, Marty Bent, explains: “As someone who’s been writing a newsletter and producing podcasts about BTC for eight years in an attempt to educate individuals from around the world about what BTC is, why it’s important, and how they can leverage it, I’ve become convinced that a lot of the work that needs to be done still exists at the top of the funnel. “You can scream at people. You can grab them by th...

The Ethereum Foundation (EF) has once again found itself facing backlash, with criticism this time coming from one of its own. Péter Szilágyi, one of the lead developers of the Go-ethereum (Geth) client, has lashed out at former colleague Tomasz K. Stańczak over alleged plans to push the development of Geth out of the organization. I DARE you and the entire #Ethereum foundation to say that you didn't offer $5M for us to spin out. Or that EF didn't ask at least 3 times if we wanted to make a company instead and go off, just me and Felix and @mhswende pushed back. I dare @hwwonx to deny our Feb talk. https://t.co/s4eiLnYboP — Péter Szilágyi (@peter_szilagyi) June 11, 2025 Read more: Vitalik to Ethereum Foundation critics: ‘This is not how this game works’ The post came in response to Stańczak’s assurance that “there is no plan to remove Geth,” sparked by Szilágyi’s earlier claim that the foundation had “fired four dev teams a week ago” and that its aim is ...

In the days following the Swiss summit — where China and the U.S. agreed to cut mutual tariffs for 90 days and to continue trade talks — gold futures plunged by 3.1%. The decline pushed gold to its lowest closing price since April 10. Mining stocks follow gold's decline Shares of Newmont, a Colorado‐based mining company, fell 4.8% to $51.38, halting an impressive rally that had seen the stock gain 45% in 2025 as of the previous Friday’s close. Other mining stocks also tumbled: Barrick Gold shares fell 5.2%, while Agnico Eagle Mines dropped 8.2%. With the trade war easing — and amid recession fears and expectations of lower inflation — investors returned to riskier assets that had been heavily sold off in April. For example, U.S. equities rebounded, with the Dow Jones Industrial Average rising 2.4% and the S&P 500 futures up 2.6% . As the chart below shows, there was an inverse correlation between the stock market and gold: when one rose, the...

Michael Saylor, former CEO of Strategy, has once again shared an ominous prophecy about a possible currency collapse. With the inflating US debt metrics, alternative assets like Bitcoin and gold are now gaining immense attention, with Bitcoin gaining rapid momentum among all. Saylor, in his recent interview with Jordan Peterson, explained how Bitcoin is truly the future and how it may soon replace the US dollar. Also Read: Strategy Misses BTC Rally as Saylor Hides $14B Reserves Saylor on Growing Bitcoin Dominance Source: X Michael Saylor, in his recent interviews with Jordan Peterson, explained the inevitable currency collapses that occur every 30 to 40 years. Saylor, in a detailed video interview with Peterson, explained how the US dollar has lost 99.9% of its value over the years. He later added how Bitcoin is going to revolutionize the financial sector by bringing in the element of decentralization in the domain. “On average, the currency collapses every 30 to 40 years in most polit...

XRP bulls are showing signs of life as momentum indicators flash early reversal signals. As of June 9, 2025, XRP is trading at $2.25, edging slightly lower on the day but holding recent support levels. While the price has been consolidating in a tight range for weeks, one key technical indicator is starting to turn, potentially laying the groundwork for the next move. The Relative Strength Index (RSI) on XRP’s daily chart has reversed from multi-week lows, rising from below 40 to around 50.5 at the time of writing. Notably, this marks the first sustained upward cross in momentum since early May, suggesting that bearish exhaustion may be setting in. The RSI crossing back above 50 is often interpreted by traders as a shift toward neutral to bullish momentum. More importantly, the RSI had been printing a series of higher lows, a bullish divergence compared to XRP’s price action, which has largely remained flat over the same period. XRP RSI. Source: Finbold/TradingView...

Despite XRP facing short-term bearish pressure, the asset may be gearing up for a rally to $8, echoing the historic momentum of 2017. According to an Analysis by Investing Scope , the recent downturn that saw XRP nearly crash below $2 reflects weakening momentum with the token struggling to break out of a narrow consolidation range that began after its January peak. However, in a TradingView post on June 5, the analyst indicated that the broader monthly chart tells a different, potentially bullish, story. XRP price analysis chart. Source: TradingView In this case, a recent symmetrical triangle breakout mirrors the pattern observed between 2014 and 2017. At that time, XRP moved sideways before breaking out in late 2017, forming a consolidation range and surging to an all-time high in January 2018, just beyond the 1.382 Fibonacci extension level. XRP’s $8 target  Currently, the chart shows a similar post-breakout consolidation just below the 1.0 Fibonac...

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A widely followed crypto analyst is warning traders to stay away from Bitcoin (BTC) in the short term, while updating his outlook on a surging Ethereum (ETH)-based altcoin. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 247,600 followers on the social media platform X that the top crypto asset by market cap has seen “cancerous” price action during the last few days. “Cancerous price action for BTC the last few days, better to stay away from the market if in active trades (impossible).” Source: Altcoin Sherpa/X According to Sherpa, the flagship digital asset could dip down to the low $104,000 range if it loses its current support level. “Still choppy, no real momentum in either direction right now. Still long but pretty small size (still have spot). Wouldn’t be surprised to see the low $104,000 at this point if current level doesn’t hold for BTC.” Source: Altcoin Sherpa/X BTC is trading for...

A recent wave of corporate Bitcoin buying could trigger a crash if a drop below $90K sparks panic selling, Standard Chartered warned. “Bitcoin treasuries are adding to Bitcoin buying pressure for now, but we see a risk that this may reverse over time,” said Geoff Kendrick, head of FX and crypto research at the bank. Corporate Bitcoin holders have doubled in the past two months, with total holdings nearing 100,000 BTC, Kendrick said. But unlike early adopters like Strategy (formerly MicroStrategy), most of these firms bought in at or near $100,000, he added. If BTC drops to $90,000, roughly half of those companies would be underwater, raising the risk of a cascade of panic selling that could trigger a crash, he said. If Bitcoin drops 22% below the firms’ average buy-in price, Kendrick said the corporate buyers will likely be forced to sell. Struggling Dollar Could Boost BTC Appeal Not everyone is bearish on the recent corporate BTC buying spree. Galaxy Digital CE...