Dogecoin (CRYPTO: DOGE) slipped further south on Sunday amid signals from a leading analyst that the memecoin’s bottom may still be some distance away.

Bottom Yet To Come?

Ali Martinez, a widely followed cryptocurrency researcher and trader, identified $0.058 as a key level at which they’d start accumulating DOGE — more than 37% below the current prices.

Technicals Give Mixed Signals

The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price,  typically the 12-period and the 26-period, flashed a “Buy” signal for DOGE, according to TradingView. 

In contrast, the Awesome Oscillator, an indicator that compares recent…

Read more on Benzinga

Kalshi CEO Tarek Mansour defended on Sunday a bet tied to Iran’s Supreme Leader Ali Khamenei, who was killed in the joint U.S-Israeli strikes.

Bet Not Directly Tied To Death, Says Kalshi CEO

Mansour addressed the controversy on X after backlash over the “Ali Khamenei out as Supreme Leader?” prediction market, where critics accused the platform of enabling bets on a person’s death.

“We don’t list markets directly tied to death,” Mansour said. “When there are markets where potential outcomes involve death, we design the rules to prevent people from profiting from death. That is what we did here.”

Mansour defended the bet, arguing that leadership changes in Iran have a “major…

Read more on Benzinga

Leading cryptocurrencies moved sideways on Sunday, while gold and crude oil spiked amid investor concerns over escalating Middle East tensions.

Crypto Market Holds Steady

Bitcoin endured a volatile weekend, slipping below $64,000 after the U.S. and Israel launched military operations against Iran, but rebounded above $66,000 by Sunday. Ethereum followed a similar path, recovering above $1,900 after a drop below $1,840.

Over $420 million was liquidated from the market in the last 24 hours, according to Coinglass, with long liquidations accounting for more than 50% of the total.

Bitcoin’s open interest was largely unchanged over the last 24 hours. Meanwhile, retail and whale traders on…

Read more on Benzinga

The week was a whirlwind of events in the cryptocurrency world. From a former Joe Biden advisor criticizing crypto’s legal use cases to a federal judge denying Binance’s arbitration request, the sector was far from quiet. Let’s dive into the details.

Former Biden Advisor Criticizes Crypto

Jared Bernstein, former Chair of the Biden Council of Economic Advisors, expressed skepticism towards cryptocurrency, labeling it as an asset with “almost zero legal use cases” and a tool that’s “pretty good for scammers.” Bernstein also dismissed the “early stage excuse” for crypto’s volatility.

Read the full article here.

Binance’s Arbitration Request Denied

A federal judge rejected…

Read more on Benzinga

Strategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor has been one of artificial intelligence’s biggest proponents, and not long ago stressed the importance of mastering the technology to generate wealth in the modern era.

AI: Pathway To Wealth?

In his keynote address at the Bitcoin Conference on May 25, Saylor shared several strategies for wealth creation, with AI standing out as one of the most important.

Saylor’s AI Playbook

Saylor said people have at their fingertips all the “collective wisdom of every great entrepreneur.”

“All you have to do is go to the AI, put it in deep think mode, plug in all of your circumstances, all of your hopes, all your aspirations, all of your…

Read more on Benzinga

XRP (CRYPTO: XRP) is way off $2, yet recent industry discussions suggest the token and the XRP Ledger could play a central role in a digitized global financial system.

The XRP Ledger Has One Advantage

On the Paul Barron podcast, panelists addressed perceived competition between the Canton Network and the XRP Ledger.

The discussion argued that the Depository Trust & Clearing Corporation using Canton for tokenization does not directly threaten XRP’s use case.

Canton is designed for real-world asset tokenization and privacy across subnets, rather than cross-border liquidity.

By contrast, the XRP Ledger is described as a bridge asset system built for instant cross-border and cross-asset…

Read more on Benzinga

The 21Shares Sui ETF (NASDAQ:TSUI), a spot ETF offering direct exposure to the SUI token (CRYPTO: SUI), began trading this week, marking one of the first U.S.-listed products tied to the fast-growing Sui blockchain network.

The fund, issued by 21Shares, follows regulatory clearance from the U.S. SEC and gives investors access to SUI through traditional brokerage accounts rather than crypto exchanges. The structure tracks the underlying token on a spot basis, meaning performance is directly linked to SUI’s market price.

The listing broadens U.S. access to Sui, a Layer 1 blockchain positioned as infrastructure for payments and financial applications. While crypto-linked ETFs have…

Read more on Benzinga