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Key takeaways:A 2021-style bearish divergence on the weekly chart points to a potential 50%+ correction toward $64,000.Peter Brandt warns Bitcoin must reclaim its parabolic trendline soon or risk ending its bull cycle before reaching the $150,000 target.Bitcoin’s (BTC) surge to a record $112,000 sparked renewed hopes for a $150,000 target by year-end, but its swift correction below $105,000 is testing that bullish narrative.Is Bitcoin painting a bearish reversal setup?Bitcoin is painting what appears to be an inverse cup-and-handle pattern, with its neckline near $100,800 acting as current support. As of June 7, the price has entered the handle-formation stage, eyeing…

CNN  —  One of the suspected masterminds behind a string of violent kidnappings in France of people linked to the cryptocurrency trade was detained Tuesday in Morocco, France’s justice minister said. Badiss Mohamed Amide Bajjou, a 24-year-old French-Moroccan citizen from just outside Paris, was wanted by France for several crimes, including armed extortion and kidnapping as part of a criminal gang, according to the “red notice” for him published by Interpol and Moroccan state media. French Justice Minister Gerald Darmanin thanked Morocco on X for detaining the man, citing the “excellent judicial cooperation” between the two countries. Bajjou had “multiple…

Alex Protocol, a Bitcoin decentralized finance (DeFi) platform on the Stacks blockchain, suffered an exploit on June 6, resulting in $8.3 million in digital asset losses.  In an X announcement, Alex Protocol said the breach was caused by a vulnerability in its self-listing verification logic. The attacker used the flaw to drain liquidity from several asset pools. The Bitcoin DeFi platform said the attackers siphoned about 8.4 million Stacks (STX) tokens, 21.85 Stacks Bitcoin (sBTC), 149,850 in USDC (USDC) and USDt (USDT), and 2.8 Wrapped Bitcoin (WBTC). The incident is one of the largest exploits in the Stacks ecosystem to date.In response…

A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, January 30, 2020.Steve Marcus | ReutersThe rare-earth miner MP Materials will enjoy growing strategic value to the U.S., as geopolitical tensions with China make the supply of critical minerals more uncertain, according to Morgan Stanley.The investment bank upgraded MP Materials to the equivalent of a buy rating with a stock price target of $34 per share, implying 32% upside from Friday’s close.MP Materials owns the only operating rare earth mine in the U.S. at Mountain Pass, California. China dominates the…

Bluebird Mining Ventures Ltd., a UK-listed gold exploration company, has made headlines after announcing it will convert future revenues into bitcoin. This is the first time a UK mining company has committed to having a bitcoin treasury. Bluebird Mining on X The news sent Bluebird’s stock flying, rising 63% to £0.6 in 48 hours. Bluebird which has gold projects in South Korea and the Philippines says this is part of a broader plan to modernize how it manages its finances. “By adopting a ‘gold plus a digital gold’ strategy, it offers the Company an opportunity to turn the page and…

Horror has been one of the most popular and enduring genres in fiction since its inception back in the 18th century. Like any genre that’s been around for centuries, horror has spawned a wealth of subgenres, ranging from psychological to gothic to paranormal horror and a plethora in between. Team Clout’s ILL is drawing inspiration from a variety of these tried and tested subgenres. Revealed in its very early concept stages back in September 2021, ILL has now officially entered full production, and its developers are finally able to shed more light on what they’re hoping the final product will…

Singapore’s latest order for unlicensed crypto firms to stop serving overseas customers marks the beginning of the end for regulatory loopholes in the blockchain industry.The May 30 directive from the Monetary Authority of Singapore (MAS) tells crypto firms and individuals offering services abroad to get licensed or get out.To some in the industry, it may look like Singapore is suddenly turning away from its crypto-friendly stance. But in reality, the city-state has remained consistent in its push for compliance. The move aligns with a global crackdown aimed at money laundering and terrorism financing.“For exchanges still playing regulatory pinball — constantly…

CNN  —  Ukraine’s drone attack against Russian airfields was audacious and daring. But most of all, it was meticulously planned and flawlessly executed. New footage released on Wednesday shows in stunning detail the surgical precession with which the Ukrainians struck where they knew it would make a difference, damaging or destroying military aircraft that Moscow has been using to terrorize Ukrainian civilians with near daily aerial attacks. The video, released by the SBU, Ukraine’s security agency, shows drones approaching dozens of planes of different types across several airfields as aircraft burn and explode around them. Ukrainian military officials said 41…

Connections is here again, giving you a bunch of seemingly-unconnected words that need to be sorted into categories. The catch is that you don’t know any of the categories to start with, and you also have very few guesses to get it all right. If you need some help with this challenging puzzle game, you can find a whole bunch of hints in the article below. You can find clues, spoilers, and even the whole answer to the puzzle if you need it. Related How to Play New York Times Connections There is a new daily word game going viral…

Eric Trump, son of the US President, announced that Trump family-backed crypto platform World Liberty Financial (WLF) plans to acquire a significant amount of the Official Trump memecoin following his endorsement of the token.Some users in the crypto community were surprised that Official Trump (TRUMP) didn’t see a stronger price reaction.“I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi,” Trump said in a June 6 X post.Eric Trump says WLF to acquire “substantial amount” “We’re proud to announce that World Liberty Financial plans to acquire a substantial position in $TRUMP for their Long-Term Treasury,” he said.…