Kategorie: Crypto Markets

• Catapult Trade has appointed Claire “Cookie” Dang as VP of Growth and Co-Founder.
• Dang previously held growth and business development roles at Binance, KuCoin, and Crypto.com.
• The expansion is being funded in part by the KuCoin Ventures investment.

Catapult Trade has appointed Claire “Cookie” Dang as VP of Growth and Co-Founder, the latest in a series of moves that have widened the trading platform’s operations following an investment from KuCoin Ventures.

Dang held growth and business development roles at Binance, KuCoin, and Crypto.com before joining and will lead community growth and international expansion.

Her arrival has come alongside a broader push on the company’s external presence.

Catapult Trade has launched a sponsored podcast, Terminally Online, featuring Web3 founders and operators, and has assembled a media network from acquired social channels with a combined reach of over 20 million followers.

The company has also run trading activity collaborations with the exchange Gate.

The expansion is being funded in part by the KuCoin Ventures investment, disclosed earlier this year; terms were not made public, and the company said its funding round remains open, with proceeds also directed toward regional expansion in markets underserved by conventional financial infrastructure.

Catapult Trade opened to the public in December 2025 after a pre-launch incentives campaign that built its first base of traders and creators.

The platform runs on algorithmically generated price charts rather than an orderbook or live price feed.

Each session’s full price path is generated in advance and committed to a cryptographic hash published before trading begins, then revealed at settlement, letting users verify that the chart was never altered mid-session.

The company frames the design as a correction to conditions on memecoin launchpads, where hidden information has consistently worked against retail traders.

Since launch, the platform has recorded more than $1.5 billion in cumulative trading volume and over 80,000 monthly active users, with no paid acquisition behind the figures.

The platform’s chart-generation engine has passed two independent security audits, most recently by Halborn and earlier by Hashlock, with the company committing to annual reviews.

A points system has run since launch, fueling speculation about a token distribution; the company has confirmed in community sessions that a token is planned, but has released no allocation or vesting details.

A second product, Catapult Hyper, is in development and would extend the platform from synthetic charts into multichain token launches built on LayerZero’s omnichain fungible token standard.

The build-out reflects the standards now being applied to crypto products.

Where the previous cycle’s flagships rested on token speculation, the current cohort, led by names such as Hyperliquid in perpetuals and Polymarket in prediction markets, is judged on user demand and revenue.

Catapult Trade is being scaled on the same terms, in a category, gamified short-session trading on verifiable charts, that has yet to see an incumbent at scale.

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• BONK coin price is down 11% in a week despite new PartyBet and BONKUJI developments.
• BONKUJI has relaunched with a 90% card-value buyback feature.
• Traders should closely watch the support at $0.00000470.

Despite ranking as the most trending cryptocurrency on various platforms, the price of BONK coin has been on a rather bearish trend.

The BONK memecoin has struggled to gain momentum even as the project continues to expand its ecosystem through new products and partnerships.

While recent developments, including a sports prediction and casino gaming partnership with PartyBet and updates to the BONKUJI platform, have generated attention within the Solana ecosystem, those developments have not translated into a meaningful recovery in the BONK price.

At press time, BONK coin was trading at approximately $0.00000485 after falling 5.5% over the previous 24 hours.

Notably, the decline extends losses recorded over longer timeframes, with BONK down 11% over seven days, 20.7% over 14 days, 23.3% over the past month, and more than 71% over the last year.

BONK’s partnership with PartyBet

One of the most notable developments for the project came when BONK announced a partnership with PartyBet, a platform focused on Telegram-based sports prediction markets and casino-style games.

The deal expands the utility of BONK beyond its role as a memecoin by introducing another avenue for community participation.

Sports prediction markets have gained traction across the crypto industry as users look for alternative ways to engage with digital assets beyond simple trading.

The partnership also highlights BONK’s continued push to build products within the Solana ecosystem.

Over the past year, the project has evolved from being viewed primarily as a speculative token into a broader ecosystem that includes trading tools, gaming initiatives, and community-driven applications.

Despite the positive headlines, the BONK memecoin price has remained under pressure.

Trading volume stood at approximately $42.7 million during the latest 24-hour period, reflecting relatively muted market participation compared to periods of stronger investor demand.

BONKUJI relaunch also fails to lift BONK coin

Another recent development involved BONKUJI, one of the latest products associated with the BONK ecosystem.

On June 3, the official BONK account announced that BONKUJI had returned following maintenance work.

The team stated that feedback from waitlist participants helped improve the platform and make it more user-friendly.

The update also introduced a buyback mechanism valued at 90% of a listed card’s value while reopening access to the waitlist.

While the announcement attracted attention within the BONK community and represented another step in the project’s efforts to increase engagement among users, the price remained subdued.

Broader crypto market weakness weighs on BONK

The recent price action suggests that BONK has been moving largely in line with the wider cryptocurrency market.

Bitcoin, the leading cryptocurrency, has declined by roughly 5% today as the broader crypto market also recorded significant declines, reflecting a risk-off environment that has pressured higher-risk assets.

Memecoins have been among the hardest-hit segments of the market during recent weeks.

As investor appetite for speculative assets weakened, many traders shifted capital toward larger and more established cryptocurrencies.

That trend appears to have affected BONK as well, with market data showing declining trading activity alongside falling prices, a combination that often points to reduced buying demand.

BONK coin price forecast

Amid the bearish market conditions, technical analysts continue to focus on several key levels that could determine the next major move for BONK coin.

SpearTrades recently highlighted a long-term descending support trendline that BONK had respected for more than two years.

According to the analyst, the token recently slipped below that structure, creating uncertainty about its longer-term direction.

The analyst identified $0.00000614 as an important upside level. A successful move above that area would provide stronger confirmation that buyers are regaining control.

Beyond that, the next major resistance level sits near $0.00001048.

Another market analyst, Sjuul of AltCryptoGems, pointed to a potential bullish “Power of Three” formation developing on the BONK chart.

According to Sjuul of AltCryptoGems’ analysis, a break above a key support-resistance area could trigger a stronger expansion phase.

Ok, time for some bull posting!$BONK is starting to look promising here, trying to form a bullish power of three.

All we need now is to break above that support level, and we can have a nice expansion! pic.twitter.com/nz5pZMvyRp

— Sjuul | AltCryptoGems (@AltCryptoGems) June 3, 2026

On the downside, traders should watch the $0.00000470 area closely.

A break below that level could expose BONK to additional weakness and increase the possibility of a retest of the $0.00000450 zone.

The post BONK price struggles despite PartyBet deal and BONKUJI relaunch appeared first on CoinJournal.

• Ethena (ENA) jumped nearly 20% after the Coinbase open-market token purchase news.
• Anchorage deal expands Ethena into institutional lending markets.
• The next key resistance level sits at around $0.1367.

Ethena’s ENA token has recorded a sharp intraday jump of about 19.5%, pushing the price to roughly $0.1025 at press time.

The sudden rebound has brought Ethena back into focus, especially as trading activity surged to more than $410 million in 24-hour volume, signalling a clear spike in market participation.

While the broader trend remains down over longer timeframes, the short-term price action reflects a strong shift in sentiment tied to recent ecosystem developments.

Coinbase Ventures’ investment in Ethena

A major driver behind the latest rally is Ethena’s deepening relationship with Coinbase.

Coinbase Ventures made its first-ever investment in Ethena by purchasing ENA directly on the open market, a move that immediately stood out to traders because it signalled direct alignment rather than a private funding allocation.

Coinbase Ventures is proud to back @Ethena through an open market purchase of ENA.

Ethena is a critical player in onchain finance, and we are excited for the closer partnership with Coinbase and USDC.

— Coinbase Ventures 🛡️ (@cbventures) June 2, 2026

More importantly, Coinbase is not treating Ethena as a passive investment. The two are working on a broader rollout of on-chain savings and financial products designed for Coinbase’s user base of more than 100 million accounts.

This includes integration of Ethena’s synthetic dollar ecosystem into Coinbase-linked savings products, with early initiatives expected to launch within days of the announcement.

The market reaction reflects how distribution can shift valuation expectations.

Access to Coinbase’s retail and institutional ecosystem introduces a potential pathway for Ethena’s USDe and related yield products to reach users far beyond crypto-native platforms.

That potential expansion is a key reason ENA saw a sharp repricing in such a short window.

Anchorage Digital partnership

Alongside Coinbase, Ethena has also expanded its infrastructure reach through a partnership with Anchorage Digital.

The collaboration introduces a framework for institutional off-chain lending using Anchorage’s Atlas platform, which handles collateral custody, risk monitoring, and liquidation controls.

This setup allows institutions such as asset managers and trading firms to access crypto credit markets without taking direct custody of assets.

Anchorage holds collateral within a regulated structure while Ethena manages capital deployment into lending operations.

The lending system is designed to unlock new yield streams beyond Ethena’s existing synthetic dollar mechanics.

It also marks a shift in strategy, as Ethena moves from purely DeFi-based yield generation toward a hybrid model that includes institutional credit exposure.

Ethena’s underlying technicals remain stable

While ENA has been volatile, the technical analysis shows no signs of instability.

And looking at the Ethena charts, technical indicators show a mixed signal environment with a majority in the neutral zone.

Oscillators lean slightly bearish, while moving averages are evenly split between buy and sell signals.

The 14-day RSI sits at 39.56, placing it in a neutral zone where neither buyers nor sellers dominate momentum.

ENA currently trades below all its exponential moving averages (EMAs), including the  10-day, 20-day, 50-day, 100-day, and 200-day EMAs, suggesting the broader structure remains bearish.

Outlook for ENA price movement

Despite the strong daily move, Ethena remains in a broader downtrend when viewed over longer periods.

The token is still trading significantly below previous highs, and the technical structure remains mixed.

Short-term indicators show momentum returning, with price action recently breaking above multiple resistance levels during the intraday rally.

However, the presence of resistance from shorter-term exponential moving averages suggests that the move is still developing rather than fully confirmed as a trend reversal.

At the same time, total value locked within the Ethena ecosystem remains above $4.5 billion, indicating that usage levels have not collapsed alongside price.

This divergence between protocol activity and token valuation is now one of the central points of market focus.

Future price movement is likely to depend on whether upcoming product launches tied to Coinbase integration translate into measurable user adoption.

If onboarding through Coinbase and institutional lending flows begin to scale meaningfully, Ethena’s valuation could continue to re-rate alongside its expanding financial infrastructure footprint.

If ENA holds above the $0.10 breakout level and the onboarding through Coinbase and institutional lending flows begin to scale meaningfully, a move toward the next resistance near $0.1367 is plausible.

However, there is a risk of a “sell the news” reaction after the launch, or if the broader market sell-off intensifies, it could potentially push the price back to test support at $0.095.

The post Ethena soars 20%: Here’s why ENA is rising and how high it can go appeared first on CoinJournal.

• Bitcoin price has dipped to under $70,000 for the first time since early April.
• Negative triggers include ETF outflows, corporate sales, and large on‑chain transfers.
• With macro and geopolitical volatility persisting, bulls may struggle to reclaim recent highs.

Bitcoin price dipped below the $70,000 mark early Tuesday, slumping more than 4% in the past 24 hours amid rising negative sentiment across the crypto market.

The losses intensified after Monday’s slide, which was due to fresh capital flight from exchange-traded funds and a market reaction to Strategy’s BTC sale.

Bitcoin dips under $70k amid $4 billion ETF outflows

Bitcoin’s retreat beneath $70,000 on Tuesday marks a notable deterioration in market confidence after the cryptocurrency reached intraday highs above $82,800 in April.

Since then, Bitcoin has struggled to recapture momentum amid a confluence of macroeconomic and geopolitical headwinds, including volatility in risk assets tied to the US‑Iran conflict.

The bellwether token dropped to about $71,300 on Monday before extending losses to dip below $70,000.

Per CoinMarketCap, the benchmark digital asset touched lows of $69,300 across major crypto exchanges. The intraday lows mark levels not seen in nearly two months.

Market analysts have pointed to accelerated institutional outflows as a key driver.

According to SosoValue data, spot Bitcoin ETFs have recorded more than $2.43 billion in outflows over the past month, with roughly $483 million withdrawn on Monday alone.

Those flows contributed to a weekly streak that pushed total spot ETF redemptions above $1 billion, and aggregate outflows have now surpassed the $4 billion threshold since May 11, 2026.

The sustained withdrawals have heightened selling pressure and reduced the speed of any recovery.

Why else did Bitcoin price dump?

Compounding concerns, corporate and on‑chain moves are drawing attention.

Strategy, previously the largest corporate holder of Bitcoin, sold 32 BTC in May, prompting market participants to reassess supply-side risk.

On Tuesday, on‑chain monitoring showed Mt. Gox transferred 10,306 BTC, worth more than $731 million, to new addresses.

BREAKING: Mt. Gox just transferred 10,306 $BTC($731M) to a new wallet!https://t.co/toejNooaei pic.twitter.com/HzWU9REWCw

— Lookonchain (@lookonchain) June 2, 2026

CryptoQuant analysts observed that similar transfers have historically accompanied creditor repayments and distribution preparation and “did not lead to immediate selling pressure,” but the timing amid heavy ETF outflows amplified unease across trading desks.

BTC price outlook – is a deeper crash next?

From a price action point of view, it’s possible that the recent weakness exposes bulls to the risk of an extended slide. Currently, the coin is testing the 200-week EMA, below which a deeper crash could follow.

Notably, Bitcoin has lost over 12% in the past month, and a breach below the $65,000 zone would reopen March 2026 lows.

BTC dropped to $64,955 in March, and fear will likely trigger further short‑term liquidation events.

Conversely, a reclaim of key intraday support around $71,500 would be required to shift momentum back to buyers and set targets near $75,000 and $77,500. The 100-week EMA currently sits around $81,830.

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• Toncoin price jumped as Bitcoin revisited support below $72,000.
• Bulls took advantage of Telegram-related news of a rebrand to GRAM token to push TON above $2.27.
• If buyers dominate, Toncoin could edge past $3.00 next.

Toncoin rose by nearly 20% and touched highs of $2.27 on Monday, June 1, as traders digested a surprise rebrand announcement from Telegram’s founder.

The gains for TON came even as Bitcoin and major altcoins fell sharply amid institutional capital outflows.

BTC slid to lows near $71,380 after news that Strategy had sold 32 BTC, its first sale since 2022.

Toncoin’s uptick signalled persistent market interest in the Telegram-backed TON blockchain despite broader market weakness.

Toncoin price gains amid GRAM rebrand news

Double-digit gains in TON’s price followed an announcement that the native token of the TON blockchain will be rebranded from Toncoin to “Gram.”

The move, expected to be completed over the next three weeks, will restore a name Telegram had previously abandoned under regulatory pressure from the US Securities and Exchange Commission.

“Gram was the original name of TON’s currency in the first white paper,” Durov wrote. “We’re returning to our roots — and starting a new chapter. This rebranding will pave the way for what comes next.”

The rebrand is part of a “Make TON Great Again” roadmap the company recently published, which includes deeper operational involvement by Telegram.

As part of that plan, Telegram disclosed its intent to become TON’s primary validator.

Investors view this as a shift that could materially affect network security and on-chain activity.

A community vote on the move is live.

Toncoin (TON) -> Gram (GRAM)

Community vote is live.

Since Telegram took a leading role in TON’s development, the chain got 10× faster, fees 6× lower.

And now Telegram proposes one more change: renaming Toncoin to Gram – the name from the original TON White Paper that never…

— TON 💎 (@ton_blockchain) June 1, 2026

As was the case then, Toncoin price rose on Monday as market participants reacted to the rebrand news.

Many see this as a signal of renewed institutional and consumer alignment between Telegram’s user base and TON’s native token.

Telegram serves more than 950 million users worldwide; tying the token more directly to the platform increases the potential utility and distribution vectors for Gram, from in-app payments to token-based services and developer integrations.

Traders interpreted the announcement as positive for token demand, prompting the swift price appreciation even as macro-driven selling pressured broader crypto markets.

Toncoin price outlook: Is a new all-time high next?

Technically, TON’s daily chart shows bullish momentum but with caveats.

The relative strength index (RSI) on the weekly timeframe has climbed to 57, indicating strong buying pressure but approaching overbought territory.

The MACD histogram remains positive, with the MACD line above the signal line, suggesting trend continuation in the short term.

These indicators together point to momentum that could extend the rally while warning that a pullback or consolidation is possible if momentum exhausts.

Key levels to watch

If TON holds above the $2.10 support established during Monday’s session, the next near-term resistance zone sits around $3.00.

As the chart shows, this is a level above which bulls could target traction towards $3.70 (100SMA) and then $6.00. TON’s all-time high is above $8.

On the downside, a decisive breakdown below $2.00 would increase the likelihood of a deeper retracement.

If bears breach lower support levels, losing $1.90 could significantly impact the probability of an immediate push toward previous highs.

Given broader market volatility and ongoing institutional flows, traders should monitor on-chain activity and Telegram’s next operational moves for confirmation that the rebrand materially increases utility and adoption.

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