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Know Labs to Sell Controlling Stake for 1,000 Bitcoin and $15M Cash — Greg Kidd to Take Over as CEO

Know Labs Sells Control to Greg Kidd’s Firm in $15M + 1,000 BTC Deal

Know Labs, Inc., a health-tech company focused on non-invasive monitoring, has announced a groundbreaking deal to sell a controlling interest to Goldeneye 1995 LLC, an affiliate of fintech investor Greg Kidd. The $128 million deal includes 1,000 Bitcoin and between $12 to $15 million in cash and is expected to close in Q3 2025.

KNOW LABS

The proceeds will help Know Labs repay debts, repurchase preferred stock, and fund operations. Shares will be sold at $0.335—below the current trading price of $0.51—with the total number of shares based on the value of BTC and cash divided by the share price.

Greg Kidd, former Chief Risk Officer at Ripple and early investor in Coinbase and Twitter, will become CEO and Chairman. His Bitcoin yield strategy will now go public through Know Labs, with BTC becoming the primary asset—82% of the company’s estimated market cap.

Founder Ron Erickson becomes Vice Chairman and head of a new R&D division. His salary drops to $375,000. Peter Conley will exit after the deal closes.

About 37% of shareholders already support the transaction. Cohen & Company Capital Markets is advising, with legal help from Lowenstein Sandler LLP and Sichenzia Ross Ference Carmel LLP.

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Bitcoin at $103K: Will It Break $106K or Crash to $90K? Bollinger Bands Signal Big Move

Bitcoin Stuck at $103K – Is a Major Move to $106K or $90K Coming?

Bitcoin (BTC) is at a decisive level, currently trading around $103,600. Technical indicators are showing a tightening range, pointing to either a breakout toward $106K or a possible dip to $90K.

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The 4-hour chart on TradingView shows BTC holding support, while Bollinger Bands are narrowing — a typical sign of a sideways phase before a volatile move. Currently, BTC is near the lower band, hinting at short-term oversold conditions. However, bulls haven’t pushed past the mid-band, suggesting hesitation.

The daily chart reflects similar uncertainty, with key resistance at $106,000. A clear break above could trigger fresh bullish momentum. But if Bitcoin fails to break out soon, bears may drag it down toward the $90,000 support zone.

Adding weight to the bearish outlook, John Bollinger recently pointed out a “Three Pushes to a High” pattern, suggesting the rally might be over.

With over $1 billion in recent liquidations and market sentiment mixed due to macro uncertainty, traders are on edge, watching for its next big move.

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Shiba Inu Slides 6% as Whale Moves $36M: 3 Reasons Behind the Di

Shiba Inu Price Update: June 6, 2025

As of June 6, 2025, Shiba Inu (SHIB) is trading at approximately $0.00001273, reflecting a 6% decline over the past 24 hours. The cryptocurrency experienced an intraday high of $0.00001281 and a low of $0.00001196, indicating significant volatility in the market. This downturn is part of a broader trend affecting major cryptocurrencies, with the global market cap dipping to $3.21 trillion.

Whale Activity and Market Dynamics

A significant factor in today’s price movement is the transfer of 2.87 trillion SHIB tokens, valued at approximately $36 million, by a large holder, often referred to as a “whale.” While such transactions can indicate potential sell-offs, in this case, the transfer was identified as moving assets to market maker custody, not an immediate sale. Nonetheless, such large movements can influence market sentiment and contribute to price volatility.

Historical June Performance

Historically, June has been a challenging month for Shiba Inu. In June 2024, SHIB experienced a 32.3% decline, and similar patterns have been observed in previous years. This historical trend may contribute to current investor caution and market behavior.

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REXShares Files for Solana and Ethereum Staking ETFs – Could Launch in June 2025

REXShares has officially filed a prospectus for two new staking ETFs—one based on Ethereum (ETH) and the other on Solana (SOL)—targeted at U.S. investors. The crypto community is buzzing with speculation that these funds could hit the market as early as June 2025.

REXshares

ETF analyst James Seyffart shared the news on X, noting that the phrase “immediately upon filing pursuant to paragraph (b)” in the filing suggests a fast-track route. This legal language means the ETFs could become effective without the traditional SEC review delays, allowing them to launch much sooner.

What makes these ETFs unique is their structure. They’re filed under the 1940 Act and set up as C-corporations, allowing them to stake at least 50% of their ETH and SOL holdings. Staking rewards will then be passed on to shareholders—something not offered by most current crypto ETFs.

However, the SEC has expressed concerns, calling the registration forms potentially “improperly filed” and even “misleading.” The uncertainty around the staking start date could leave some investors hesitant.

If approved and launched, these ETFs could mark a major shift in how retail investors gain exposure to crypto staking rewards through traditional markets.

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Breaking ! Dogecoin Dips 7% Amid Musk-Trump Feud: 3 Key Factors Behind the Slide

Dogecoin Price Update: June 6, 2025

As of June 6, 2025, Dogecoin (DOGE) is trading at approximately $0.181, reflecting a 7% decline over the past 24 hours. The cryptocurrency experienced an intraday high of $0.189 and a low of $0.169, indicating significant volatility in the market. This downturn is part of a broader trend affecting major cryptocurrencies, with the global market cap dipping to $3.21 trillion.

Market Volatility and Economic Indicators

The recent fluctuations in Dogecoin’s price can be attributed to several factors. Notably, the escalating public feud between Elon Musk and President Trump has introduced uncertainty into the market. This tension has led to a decline in investor confidence, contributing to the current market instability.

Whale Activity and Market Dynamics

Large transactions by institutional investors, often referred to as “whales,” have also played a role in the recent price movements. These substantial trades can significantly impact market dynamics, leading to rapid price changes. Additionally, the broader cryptocurrency market has seen a decline of approximately 2.3% in the past 24 hours, with the total market capitalization now at $3.21 trillion.

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Bitcoin Dips Below $105K: 3 Key Reasons Behind Today’s Price Drop

Bitcoin Price Today: June 6, 2025

As of June 6, 2025, Bitcoin (BTC) is trading at approximately $104,539, reflecting a slight increase of 0.26% from the previous close. The cryptocurrency experienced an intraday low of $100,781 and a high of $104,737, indicating significant volatility in the market.

Market Volatility and Economic Indicators

The recent fluctuations in Bitcoin’s price can be attributed to several factors. Notably, a head-and-shoulders pattern observed in the hourly charts signaled a potential bearish trend, leading to a price drop earlier in the day. Additionally, market analysts suggest that the upcoming U.S. jobs data release has investors on edge, contributing to the current market uncertainty.

Institutional Movements and Market Sentiment

Large transactions by institutional investors, often referred to as “whales,” have also played a role in the recent price movements. These substantial trades can significantly impact market dynamics, leading to rapid price changes. Furthermore, the broader cryptocurrency market has seen a decline of approximately 2.3% in the past 24 hours, with the total market capitalization now at $3.21 trillion.

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XRP Whale Moves $59M to Coinbase Ahead of Ripple-SEC Deadline

A significant transfer of 26.6 million XRP tokens, valued at nearly $59 million, was made to Coinbase on June 5, 2025, as reported by Whale Alert . This move comes just days before the June 16 deadline in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

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The timing of this large transfer has raised speculation within the crypto community. Historically, substantial transfers to exchanges like Coinbase often precede sell-offs, potentially leading to price declines. Given the proximity to the legal deadline, some analysts suggest the whale might be anticipating unfavorable outcomes or extended proceedings in the Ripple-SEC case.

The SEC is required to submit a status report to the Appeals Court by June 16, marking the end of a 60-day pause granted for settlement discussions . Failure to reach a settlement could result in the case proceeding with appeals and cross-appeals, further prolonging the legal uncertainty surrounding XRP.

At the time of writing, XRP’s price has dipped approximately 3%, trading around $2.19. The market remains watchful as the deadline approaches, with potential implications for XRP’s valuation and the broader crypto landscape.

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Top 5 Crypto Shocks Today: Bitcoin Dips, XRP Surges, and Hong Kong’s Bold Move

Crypto Market Update: June 5, 2025

Today’s market witnessed significant movements, with major cryptocurrencies experiencing volatility and notable developments in the regulatory landscape.

Bitcoin Faces Downward Pressure

Bitcoin’s price dropped below $105,000 amid ongoing sell-offs by large holders, commonly referred to as “whales.” This decline is attributed to profit-taking activities and a general consolidation in the cryptocurrency market.

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XRP Experiences Price Surge

XRP saw a 10% increase in its price, fueled by speculation around potential ETF approvals, clearer regulatory frameworks, and growing global adoption. Experts predict that XRP could reach $100 per token by 2026, reflecting strong investor confidence.

Hong Kong Embraces Crypto Derivatives

Hong Kong’s securities regulator announced plans to allow professional investors to trade web3 derivatives, expanding the territory’s virtual asset market. This move signifies a significant step towards broader acceptance and integration of cryptocurrencies in traditional financial markets.

Coinbase Enhances DeFi Access

Coinbase has unlocked decentralized finance (DeFi) opportunities for XRP and Dogecoin holders on its Base platform. By introducing wrapped versions of these tokens, users can now engage with various DeFi applications, increasing utility and accessibility.

Litecoin Launches Layer 2 Solution

Litecoin rolled out its Layer 2 upgrade, aiming to improve transaction speeds and scalability. This development is expected to enhance user experience and broaden Litecoin’s applicability in various financial services.

Ethereum Surges 5% Amid Institutional Investment and Upcoming Pectra Upgrade

Ethereum (ETH) has recently experienced a notable 5% price increase, reaching $2,616, primarily due to heightened institutional buying. This surge is further bolstered by the anticipation of the upcoming Pectra upgrade, which aims to enhance scalability and performance by merging the previously planned Prague and Electra updates.

ethereum

The Pectra upgrade is expected to introduce several Ethereum Improvement Proposals (EIPs), including EIP-7251, which increases the staking amount per validator, and EIP-7702, allowing externally owned accounts to utilize smart contract functionalities. These enhancements are anticipated to improve network efficiency and attract more developers and users to the ecosystem.

Market analysts are optimistic about Ethereum’s future, with some predicting that ETH could reach new all-time highs by the end of 2025. This optimism is fueled by the combination of institutional adoption, technological advancements, and the overall positive sentiment in the cryptocurrency market.

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5 Surprising Reasons Cardano Is the Crypto Underdog Turning Heads in 2025

Cardano: The Crypto Underdog Making Waves in 2025

Cardano (ADA) has been quietly climbing the crypto ranks, and 2025 is shaping up to be its breakout year. With a focus on scalability, sustainability, and academic rigor, It is attracting attention from both developers and institutional investors. Its unique approach to blockchain technology is setting it apart in a crowded market.

Smart Contracts: Fueling Cardano‘s Growth

In 2024, Cardano significantly expanded its smart contract capabilities, adding nearly 100,000 new contracts. The introduction of Plutus V3, coinciding with the Chang Hard Fork, enhanced smart contract efficiency and security, making ADA an attractive platform for developers. This growth has positively impacted ADA’s market performance, with a 52.79% year-to-date gain, reinforcing It’s position in the blockchain space.

It’s inclusion in the U.S. strategic cryptocurrency reserve, alongside Bitcoin and Ethereum, marks a significant milestone. This move signals growing institutional confidence in Cardano’s long-term potential and its role in the future of digital finance.

Price Predictions: What’s Next for ADA?

Analysts are optimistic about ADA’s price trajectory. Predictions for 2025 suggest ADA could reach between $1.91 and $2.24, with some forecasts as high as $2.62, driven by increased adoption and technological advancements.

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