Cryptonews

Martin Köppelmann has advised Gnosis Pay users to withdraw all their funds, including EURe and GNO, due to recent developments.

Let’s zoom into the 4-hour time frame, shall we? It’s like watching a slow-motion car crash, but with more charts and fewer airbags. After gracefully (read: desperately) clinging to the bottom of the 4-month bear flag last week, Bitcoin decided to take a breather in the form of another bear flag-because why have one flag when you can have two? This miniature flag of doom has now broken downward, with a candle so bearish it could hibernate through winter. It’s currently converging at the $77,760 support level, which is holding on for dear life. The new candle has opened below the flag but is clinging to support like a koala to a eucalyptus tree. Bulls vs. bears? More like a game of crypto chicken.

Isabel Schnabel, a key member of the European Central Bank, has warned that the fast rise of stablecoins could create problems for the financial system, how monetary policy works, and the global monetary system.

Key Takeaways:

As of today, Bitcoin was trading around $72,700, after briefly dropping to $72,600 earlier in the day. Over the last 24 hours, its value has decreased by almost 1.5%, by 6% over the past week, and by 10% since reaching highs near $81,000 in May. This puts Bitcoin near a key support level that traders have been watching closely all year.

Bitcoin is still the most valuable cryptocurrency by far, worth over $1.46 trillion. Ethereum comes in second at $240.9 billion, and Tether, a stablecoin, is third at $187.9 billion.

• Key Takeaways:

• Powell said the Federal Reserve forfeits public trust if a president can dismiss officials over policy, per June 1 remarks.
• The warning came amidst a time when the Supreme Court is weighing Trump’s bid to remove Governor Lisa Cook over fraud claims.
• Kevin Warsh now leads the Fed, leaving 2026 rate expectations and crypto liquidity tied to its independence.

Indian customers, no longer shackled by peer-to-peer antics or third-party intermeddlers, may now deposit and withdraw INR with the grace of a courtier at a royal ball. IMPS, that trusty steward, ensures the flow of rupees with nary a hiccup.

Shubham Kumar Goyal reported to Chandigarh Cyber Police that on May 24th, he received a message on Telegram from a woman named Kanchan Bansal. She claimed to be from a digital marketing company and offered him a work-from-home job rating hotels, promising he could earn up to ₹3,500 each day.

Waller, with a wink and a smile, added, “Stablecoins are like the Robin Hood of payments-stealing high costs and giving back to the people. There’s nothing evil about that… unless you’re a notary public!”