China News Daily TheBitTimes.com

Two artificial intelligence (AI) models have shared their outlook for Shiba Inu (SHIB) price target, as the meme coin trades in the red alongside the broader cryptocurrency market. As of press time, SHIB was valued at $0.000014, down 5% in the last 24 hours, with weekly losses of over 12%. SHIB one-week price chart. Source: Finbold The coin’s 50-day simple moving average (SMA) stands at $0.00001332, slightly below the current price, suggesting a mild upward trend in the recent past. Meanwhile, the 200-day SMA at $0.00001657 indicates SHIB is trading below its longer-term average, hinting at a broader downtrend. On the other hand, SHIB’s 14-day Relative Strength Index (RSI) is at 54.24, placing the meme coin in neutral territory, neither overbought nor oversold, implying balanced momentum. AI predicts SHIB price  Finbold consulted OpenAI’s ChatGPT and xAI’s Grok for the price prediction, which offered various scenarios for SHIB on June 1.  ChatG...

Basel Medical Group , a Singapore-based healthcare provider, has announced exclusive negotiations to acquire $1 billion worth of Bitcoin. The strategic move aims to diversify the company’s treasury reserves and strengthen its balance sheet, supporting its expansion across Asia’s high-growth healthcare markets. Strategic Financial Restructuring for Growth The proposed acquisition involves a share-swap arrangement with a consortium of institutional investors and high-net-worth individuals active in the crypto sector. This innovative approach is designed to enhance capital efficiency while preserving liquidity for Basel Medical’s core healthcare operations. Dr. Darren Chhoa , Group Chief Executive Officer of Basel Medical Group, stated , “This US$1 billion financial transformation will give us unprecedented capacity to execute our Asia growth strategy while maintaining conservative financial management. Our expanded balance sheet will allow u...

As Bitcoin (BTC) consolidates just below $105,000, an analyst has identified a historical trend that could propel the flagship cryptocurrency to a new all-time high in the coming weeks. Since bottoming in early April, Bitcoin has moved in a clear $10,000 step-like pattern, first breaking through $74,000, then $84,000, $94,000, and now consolidating near $104,000. This consistent progression has seen each primary level tested and breached, forming a well-defined upward channel.  According to prominent crypto analyst TradingShot in a TradingView post on May 16, this formation suggests that Bitcoin is trading within an ascending channel, indicating room for continued gains. Bitcoin price analysis chart. Source: TradingView/TradingShot If the channel holds, the next potential milestones are $114,000, $124,000, and ultimately $134,000, a key target TradingShot projects for late June or early July. However, the bullish structure comes with risks. A breakdown...

On May 8, the resolution to the long-standing court case between Ripple Labs and the Securities and Exchange Commission (SEC) appeared to be writing its last pages, with only formal court approval standing in the way of a $50 million settlement. But on May 15, Judge Analisa Torres blocked the deal on procedural grounds, stating that the filing was scheduled under Rule 60, which would require demonstrating ‘exceptional circumstances.’ According to the Judge, no such circumstances are present, rendering the motion ‘procedurally improper.’ If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper. The proposed deal was a compromise that would help the SEC change course in its approach to cryptocurrency regulation while reducing the amount Ripple Labs is forced to pay by 60%, from $125 million to $50 million. #XRPCommunity #SECGov v. #Ripple #XRP Judge Torres has denied the parties’ motion for an indicative rulin...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Ukraine’s Bitcoin reserve plans are gaining quite a bit of momentum as the country is actively exploring the creation of a national strategic Bitcoin reserve in partnership with Binance, which is currently one of the world’s largest crypto exchanges. This innovative initiative could make Ukraine among the first nations to officially hold Bitcoin as a state asset, something that many experts are watching closely. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons Ukraine’s Strategic Bitcoin Reserve Plan Strengthens Crypto Security Source: Watcher Guru Ukraine’s Bitcoin reserve is an advance in the progress of the country in terms of cryptocurrency utilisation. When writing this, a Ukrainian parliament member Yaroslav Zhelezniak has already confirmed that preparation of draft law by government officials for this initiative is ongoing. Legislative Framework Development Ukrainian lawmakers actively develop a comprehensive legal f...

Mid-May has been a minefield for cryptocurrency short traders as many digital assets enjoyed rallies not seen in months.  In the 24 hours between the morning of May 13 and the morning of May 14, as much as $20.4 million worth of Bitcoin (BTC) shorts were liquidated, per data retrieved from Coinalyze on May 14. Of these, perpetuals accounted for almost the entire amount, while only approximately $39.9k were marked as futures liquidations. BTC 24-hour liquidations. Source: Coinalyze The erasure of bearish bets coincided with a shallow correction in the cryptocurrency market. After climbing above $105,000 on May 12, Bitcoin corrected below $102,000 on May 13, only to soon regain upward momentum.  Overall, mid-May volatility resulted in BTC being 7.39% up in the weekly chart with its press time price of $104.136. BTC one-week price chart. Source: Finbold Crypto market volatility liquidates $17 million in bullish bets Elsewhere, the volatility h...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Summary ⚈ Two crypto whales sold large TRUMP positions, realizing losses of $454K and $42K. ⚈ Prices surged after an April 23 announcement promising dinner with Trump for top holders. ⚈ With the leaderboard set, traders are exiting; no new catalysts suggest further upside. Cryptocurrency whales seem to be having a tough time making money on Official Trump (TRUMP), the president’s meme coin. Two large accounts, whose addresses begin with 3hA7ex and DyzM5w , respectively, exited large TRUMP positions at a loss earlier today, per data retrieved by Finbold from Solscan . To be precise, the former sold 276,968 Official TRUMP tokens for $3.54 million, losing $454,000 in the process. The latter sold 228,414 TRUMP at a loss of $42,000. Crypto whale Official Trump sales. Source: Solscan Why Official Trump is once again exhibiting high volatility Significant price moves are nothing new for Official Trump — which saw multi-billion dollar market capitalization c...

The cryptocurrency market is experiencing one of its most significant rallies in recent times. Dogwifhat (WIF) is following the latest market trend. The asset is among the best-performing cryptocurrencies right now. WIF’s price has risen 35.5% in the last 24 hours, 126.4% in the weekly charts, 86.9% in the 14-day charts, and 190.9% over the previous month. Despite the explosive rally, the memecoin’s price is still down 59.4% since May 2024. The asset could be on its way to breach the $2 mark next. Also Read: Michael Saylor’s ‘Strategy’ Buys 13,390 Bitcoin Worth $1.34 Billion Source: CoinGecko Cryptocurrencies Experience Market-Wide Surge Source: Watcher Guru Dogwifhat (WIF) is not the only crypto experiencing a surge today. The entire market has seen an upswing over the last few days. Bitcoin (BTC) is leading the market with its recent climb to $104,000. The original crypto is currently testing the $105,000 mark. There is a high probability that BTC will hit a new all-time h...

A landmark US-China trade deal has ignited a fresh rally in the crypto market, lifting Bitcoi n closer to it s all-time high and spurring Japan’s Metaplanet and potentially Strategy to add to their BTC war chests. Announced after weekend talks in Switzerland, the agreement will see both nations slash tariffs on each other’s goods for 90 days as the nations work to defuse bilateral tensions. The US will lower levies on Chinese products from 145% to 30%, while China will reduce its tariffs on American imports from 125% to 10%. Bitcoin (BTC) responded positively, climbing over 1% to $105,231.94 as of early Monday, narrowing the gap to its January all-time high of $109,114.99. Other cryptos surged even more sharply — Pi Network (PI) jumped 55%, Dogwifhat (WIF) soared 39%, and Kaspa (KAS) gained 21% in 24 hours. Top altcoin Ethereum surged 3.9% and XRP climbed 2.8%. Metaplanet Surpasses El Salvador In Bitcoin Holdings With Latest Purchase Amid the bullish sentiment, J...

It has certainly been an important week for the digital asset market. After a sluggish start to the year, Bitcoin returned to the $100,000 price and propelled a host of assets to come with it. Among them is Dogecoin, which jumped 10% in a week, with all eyes on what could be next for DOGE. The meme coin leader, along with much of the industry, had a hard time finding any kind of momentum in the first three months of 2025. The question is, can that now change? Well, the answer may lie in Bitcoin and the global market developments that drove its most green-type surge. Source: Forbes Also Read: 807M DOGE Transferred in Just 1 Minute: Is a Sell-Off Looming? Dogecoin to $0.60? Why Traders Believe DOGE Could Be Set to Surge? On Thursday, the United States and the UK announced a landmark trade deal. The move was a relief to global markets, as ongoing geopolitical tensions and tariff drama had threatened a plethora of assets in the US. That had a major impact on Bitcoin, which returned to a si...