hodler

2 Jun 2026, 04:03

'We've All Been Lied To'—Crypto's $49 Trillion Retirement Bet

IRA Financial is launching real-time trading of nearly 100 crypto tokens inside self-directed IRAs, as Washington clears the way for crypto in retirement accounts.

2 Jun 2026, 04:03

Bitmine buys $52M ETH as Tom Lee says price not yet showing Ethereum’s strength

Bitmine is aiming to hold 5% of the total circulating supply of 120.6 million Ether tokens and is about 90% of the way to its target after its latest purchase.

2 Jun 2026, 04:00

Bitcoin’s June recovery on hold? ETF outflows, stablecoin drain say…

Bitcoin holds above $70k despite massive ETF outflows, but with liquidity drying up, can stablecoin flows provide the fuel for a June rally?

2 Jun 2026, 04:00

Coinbase Takes Next Step In India With Direct INR Banking Support

Cryptocurrency exchange Coinbase has launched direct deposit and withdrawal rails for the Indian Rupee (INR), continuing its push into India. Coinbase Users In India Can Now Make Direct INR Netflows According to a website announcement , Coinbase has expanded its offerings in India, allowing users to directly interact with the platform through the nation’s official fiat currency: the INR. Indian users can now use the platform’s fiat rails to deposit and withdraw INR without having to go through intermediaries like peer-to-peer (P2P) trading, as is the norm for some other international exchanges with a presence in the country. For facilitating the transactions, the exchange is making use of the Immediate Payment Service (IMPS), a popular interbank fund transfer system in India. Coinbase noted: Customers have access to spot trading across a range of assets, alongside perpetual futures contracts covering major crypto assets. We have built local INR order books that provide dedicated liquidity for Indian customers, with continued access to our global exchange. The current Indian push is not the first time that the exchange has taken a crack at the subcontinent. Back in 2022, the platform made its initial entrance into the country, but soon after launch, it was forced to suspend access to Unified Payments Interface (UPI) transactions, leaving users with no way to participate in trading on the platform with the INR. The next year, Coinbase completely discontinued its services in India. In 2025, however, the platform once again made a return to the market, this time with approval from India’s Financial Intelligence Unit (FIU). “For Indian customers, our FIU-IND registration means we operate under the compliance framework established for virtual digital asset service providers in India,” said Coinbase. The exchange saw a full relaunch in India in December, but it still lacked a fiat on-ramp, something that most retail traders rely on. With this new expansion, it has also finally changed. Beyond its exchange, Coinbase has also been investing in the country’s digital asset ecosystem in other ways. The firm is an investor in CoinDCX , one of the largest cryptocurrency exchanges in India. “Through Base, our Ethereum Layer 2 network, we’ve put over $1 million into the Indian builder community through hackathons, direct grants, and fellowships,” noted the announcement. Speaking of Coinbase, the Bitcoin spot price on the exchange has been trading lower relative to Binance recently, according to the Coinbase Premium Gap metric from CryptoQuant . From the chart, it’s visible that the gap between the Bitcoin prices on Coinbase and Binance has widened as the cryptocurrency has gone down since mid-May. This could be a potential indication that Coinbase’s users have been applying a higher amount of selling pressure than the latter’s traders. Bitcoin Price At the time of writing, Bitcoin is floating around $72,600, down more than 6% over the past week.

2 Jun 2026, 04:00

Swiss Franc Holds Steady as Market Awaits Trade Balance Data

BitcoinWorld Swiss Franc Holds Steady as Market Awaits Trade Balance Data The Swiss Franc traded in a narrow range against major peers on Tuesday, as market participants held positions ahead of the release of Switzerland’s trade balance data. The currency, often seen as a safe-haven asset, showed muted volatility despite broader forex market movements, reflecting a wait-and-see approach among traders. Market Context and USD/CHF Action The USD/CHF pair oscillated near the 0.8800 level, with the dollar struggling to gain clear direction amid mixed signals from the U.S. economy. The pair remained capped by resistance near 0.8850, while support held firm around 0.8750. Analysts noted that the lack of fresh catalysts left the pair in a consolidation phase, with traders reluctant to commit to large positions before the trade data. Meanwhile, the EUR/CHF pair remained subdued near 0.9400, as the euro also lacked momentum. The Swiss National Bank’s (SNB) previous interventions to weaken the franc have kept the pair in a relatively tight range over recent weeks, but the upcoming trade figures could provide a new impetus. Trade Balance Data: What to Expect Switzerland’s trade balance, scheduled for release on Thursday, is expected to show a continued surplus, reflecting the country’s strong export sector, particularly in pharmaceuticals, machinery, and watches. However, a sharper-than-expected decline could reignite concerns about external demand, especially from the eurozone, Switzerland’s largest trading partner. A strong surplus would typically support the franc, as it signals robust foreign demand for Swiss goods. Conversely, a weaker reading could increase pressure on the SNB to maintain or even expand its accommodative monetary policy stance, potentially capping franc gains. Implications for Forex Traders For forex traders, the trade balance release represents a potential volatility event. A significant deviation from consensus could trigger short-term moves in USD/CHF and EUR/CHF. Traders should also watch for any accompanying commentary from Swiss authorities regarding the currency’s valuation, as the SNB has historically been sensitive to franc strength. The broader market context also matters. With global risk sentiment fragile due to geopolitical tensions and shifting interest rate expectations, the franc’s safe-haven appeal could amplify any move following the data release. Conclusion The Swiss Franc’s calm ahead of the trade balance data reflects a market in wait-and-see mode. The upcoming release offers a key test for the currency’s near-term direction, with implications for both USD/CHF and EUR/CHF. Traders should prepare for potential volatility and consider the SNB’s ongoing role in managing the franc’s value. FAQs Q1: Why is the Swiss Franc considered a safe-haven currency? The Swiss Franc is considered a safe-haven currency due to Switzerland’s political neutrality, stable economy, low inflation, and the Swiss National Bank’s prudent monetary policies. During times of global uncertainty, investors often flock to the franc as a store of value. Q2: How does trade balance data affect the Swiss Franc? A trade surplus indicates that exports exceed imports, which generally supports the currency as it reflects strong foreign demand for Swiss goods. A deficit or narrowing surplus can weaken the currency, as it may signal economic headwinds. Q3: What is the Swiss National Bank’s role in forex markets? The SNB actively intervenes in forex markets to prevent the Swiss Franc from becoming too strong, which could harm Swiss exporters. It uses tools like currency purchases and negative interest rates to manage the franc’s value. This post Swiss Franc Holds Steady as Market Awaits Trade Balance Data first appeared on BitcoinWorld .

2 Jun 2026, 04:00

Stellar (XLM) Tipped For Historic Breakout With $11 Price Calls: Analyst

A major traditional finance infrastructure provider has set its sights on the Stellar blockchain, and market watchers say the timing could not be more significant. The Depository Trust and Clearing Corporation, better known as the DTCC, announced plans to connect its tokenization platform to the Stellar network as part of a broader multi-chain strategy. The move is aimed at supporting tokenized representations of assets held within the traditional financial system. Related Reading: Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns A Bounce Off Long-Term Support The announcement triggered one of XLM’s strongest price advances in months. That rally formed the monthly candle now visible at what analyst MikybullCrypto labels point E on a long-term chart structure he has been tracking across several market cycles. The chart maps a series of repeating highs and lows on the monthly timeframe dating back to 2017. Points B and D mark previous peaks near a horizontal resistance zone, while points A and C identify major lows along an ascending support trendline that has guided price action for years. $XLM is about to experience a mega breakout in history The upcoming altcoins season will be huge 🤯 The bull target price ranges between $5-$11 pic.twitter.com/v16PTNPZrJ — MikybullCrypto (@MikybullCrypto) May 31, 2026 Point E marks the latest successful test of that same support line. XLM has bounced from the trendline once again, staying within the broader structure that has defined its behavior across multiple cycles. The Setup Behind The Call MikybullCrypto, a widely followed crypto analyst, says the current positioning mirrors conditions that preceded strong rallies in the past. He is calling for a bull market target range of $5 to $11 for XLM, projecting that the upcoming altcoin season will be significant. The analyst expects a breakout above the long-standing resistance zone to serve as the next major technical milestone. A move above that level, according to his chart, would put XLM on a path toward substantially higher ground. What The Pattern Suggests The structure MikybullCrypto references has repeated itself across different market environments over roughly nine years. Each time XLM has tested the rising support line, a recovery followed — though the magnitude has varied. Bullish sentiment around XLM has been building in recent weeks. Reports indicate that separate analysts have pointed to the DTCC integration alongside the technical setup as factors strengthening the case for a larger move ahead. Related Reading: Could XRP Hit $10 This Bull Run? World’s Highest IQ Holder Thinks So XLM’s global search interest has also climbed to its highest level in three months, according to reports, suggesting growing retail attention toward the asset at the same time institutional blockchain activity is picking up. Featured image from Pexels, chart from TradingView