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8 06, 2025

Solana (SOL) Price Prediction for June 8

By |2025-06-08T20:35:54+03:00June 8, 2025|Crypto News, News|0 Comments

Most of the cryptocurrencies remain in the green zone on the last day of the week, however, there are some exceptions, according to CoinStats.

SOL chart by CoinStats

SOL/USD

Unlike other coins, the rate of Solana (SOL) has dropped by 1.75% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of SOL is far from the main levels. The volume keeps falling, which means neither side has enough energy to seize the initiative.

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All in all, sideways trading around $150 is the more likely scenario.

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On the bigger time frame, the picture is similar. The rate of SOL is within yesterday’s candle, confirming the absence of bulls’ or bears’ energy. Buyers may only start thinking about an upward move when a breakout of the upper level happens.

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Image by TradingView

From the midterm point of view, one should focus on the weekly bar closure in terms of the support of $141.41. If the candle closes below that mark, the correction is likely to continue to the $120-$140 zone.

SOL is trading at $149.59 at press time.

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8 06, 2025

A ‘detox’ after Covid vaccination? Experts say it’s nonsense | Health Watch

By |2025-06-08T18:36:55+03:00June 8, 2025|Dietary Supplements News, News|0 Comments


(CNN) — Podcast host Meghan McCain, the former co-host of “The View,” made headlines when she posted to social media recently in support of a “detox” supplement to be taken after Covid-19 vaccination or infection.

The “detox” supplement McCain touted costs $89.99 and is one of several versions sold online. It make claims about its ability to “break down spike protein and disrupt its function” and provide “your body with unparalleled support for cellular defense and detoxification.”

Vaccine experts say such claims are nonsense.

“There’s nothing to detox from, because the vaccines themselves are not toxins,” said Dr. Angela Rasmussen, a virologist at the Vaccine and Infectious Disease Organization at the University of Saskatchewan. “They’re not toxic and they’re not harmful.”

McCain’s X post about the supplement has been deleted, but McCain’s personalized discount code continued to work on the website of the supplement maker, The Wellness Company. Neither McCain’s representatives nor The Wellness Company responded to a request for comment.

McCain also posted this week about “concerning data” about mRNA vaccines and said friends had experienced health problems after getting the Covid-19 shot. As part of the post, she shared a video that suggested material in the vaccines could stick around long-term and change a person’s genome.

Vaccine experts say that just isn’t true.

The messenger RNA in Covid-19 vaccines instructs cells in the body to make a certain piece of the virus’ spike protein — the structure on the surface of the coronavirus. The mRNA vaccine is like a blueprint that the body uses to train the immune system to recognize the virus that causes Covid and protect against it, said Dr. William Schaffner, an infectious disease expert at Vanderbilt University Medical Center.

“MRNA is only in there in minute amounts,” Schaffner said. “The spike protein is metabolized. It’s broken up by our own body very, very quickly. So it’s not in a position to disseminate or be distributed throughout the body requiring some sort of ‘detoxification.’

“It’s simply not scientifically a valid concept.”

Since mRNA is so short-lived, vaccine makers do make a modification that allows it to stick around a little longer than it would otherwise, Rasmussen said.

“But mRNA, even modified mRNA like in these vaccines, does not stay around forever,” Rasmussen said. “It’s still not a very stable molecule.”

Rasmussen said she has also read that some believe the lipid nanoparticle used to get the mRNA into the cells lingers and is toxic. The lipid nanoparticle, Rasmussen said, “also don’t stick around forever.” She said they get broken down at about the same rate the mRNA does, “or even maybe a little before.”

Schaffner believes maybe some of the language scientists use to describe how mRNA vaccines work may be unhelpful.

“I wonder if the very name of the protein, this ‘spike protein’ just makes people uneasy,” Schaffner said. If scientists called it something like the “key protein” — since it’s like a key that goes into a lock in the cell, which enables the protein to get inside “and then do its good work” — that “might not have evoked quite as much anxiety,” Schaffner suggested.

Rasmussen believes people would still misconstrue the science regardless, particularly with leaders in the Trump administration who have spent years undermining the safety of vaccines or have a history of promoting dubious supplements.

“A lot of this isn’t misinformation, it’s really disinformation because people who start this stuff know what they’re doing,” Rasmussen said.

Dr. Pieter Cohen, an associate professor of medicine at Harvard Medical School, says the availability of vaccine “detox” products speaks to a bigger problem with the way the United States manages dietary supplements.

Unlike pharmaceuticals, which must be tested and approved before they go to market and then comply with strict regulations about how they can be marketed, the US Food and Drug Administration doesn’t have the authority to approve dietary supplements before they are marketed. Fear or distrust of Covid-19 vaccines is an easy target for supplement makers, Cohen said.

“This is a perfect scenario for supplements to jump in to the rescue,” Cohen said. “You manufacture a false health concern, and then you have the solution that you can settle with a supplement. It’s really a perfect opportunity for supplement manufacturers to profit from. From something that doesn’t even exist.”

It’s hard, he said, to even define what “detoxing” from a Covid-19 vaccine would mean.

“Are you trying to wash away the effects that boosted immunity against Covid? Is that the goal? I think it’s a very vague, moving sort of target,” Cohen said. “Or is it more that there’s some fear that the Covid vaccine causes more harm than the government’s letting on. Then the idea is that you sell these supplements to prevent that mystery harm.”

“I think it’s a health fear mongering approach and profiting by the fear,” Cohen added.

No vaccine is perfect, the experts said, but the risk with the Covid vaccine is extremely small and the problems like a sore arm or a low-grade fever that some of his patients have experienced resolved quickly.

“That’s not something that any supplement will help resolve faster,” Cohen said.

Research has consistently shown that the mRNA Covid-19 vaccines are safe and effective, and millions of people have gotten them without serious incident.

As of May, the FDA required Covid-19 vaccines from Pfizer/BioNTech and Moderna to use expanded warning labels with more information about the risk of a rare heart condition after vaccination. Some studies have found that Covid-19 infection itself carries a higher risk of myocarditis or pericarditis than vaccination.

Schaffner said if there were true problems with any of the Covid vaccines, the country’s surveillance system would have caught it by now. That’s what happened with the Johnson & Johnson Covid-19 vaccine: Surveillance identified a rare risk of a severe blood clotting syndrome, particularly among some women. The vaccine is no longer in use.

“The system works,” Schaffner said.

“These mRNA vaccines are safe, and that’s been seen in millions and millions of patients.”

What may be even more dangerous, experts say, is the disinformation surrounding vaccines that drives people to want to take a supplement to detox from them in the first place.

“This is a much bigger problem,” Rasmussen said. “It’s important to smack this disinformation down where we can. It’s morally wrong and reprehensible.”

The-CNN-Wire

™ & © 2025 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.



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8 06, 2025

Binance Coin (BNB) Price Prediction for June 8

By |2025-06-08T18:35:00+03:00June 8, 2025|Crypto News, News|0 Comments

The last day of the week is more bullish than bearish, according to CoinMarketCap.

Top coins by CoinMarketCap

BNB/USD

The rate of Binance Coin (BNB) has risen by 0.15% since yesterday.

Article image
Image by TradingView

On the hourly chart, the price of BNB is about to break the local resistance of $650.62. If a breakout happens, the upward move may lead to a test of the $655 range soon.

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Image by TradingView

On the bigger time frame, the picture is also bullish.

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If the daily candle closes above the $651.51 level, the rise may lead to a test of the $660-$670 area next week.

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From the midterm point of view, the situation is less positive. The price of the native exchange coin is far from the support and resistance levels. In this case, any sharp ups or downs are unlikely to happen shortly.

BNB is trading at $650.50 at press time.

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8 06, 2025

NDLEA intercepts iIlicit drug consignment packaged as green tea at Lagos airport

By |2025-06-08T16:35:41+03:00June 8, 2025|Dietary Supplements News, News|0 Comments


….arrests 2 young ladies with over 108kg Skunk, Loud, Colorado, Meth in Edo

The National Drug Law Enforcement Agency (NDLEA) has intercepted not less than 66 parcels of Loud, a strong strain of cannabis and other illicit drugs packaged as green tea at the import shed of the Lagos International Airport.

The seizure made on Thursday was based on credible intelligence received ahead of the arrival of the consignment at the cargo wing of the airport on 11th May.

NDLEA spokesman, Femi Babafemi said in a statement on Sunday that the Agency had watch-listed the illicit drug shipment and sustained surveillance around it for over three weeks before inviting other stakeholders for a joint examination last Thursday.

The Loud consignment weighing 62.20kg was concealed inside wraps of green tea that came from Thailand via UAE on an Emirate Airlines flight.

In another operation in Lagos, NDLEA operatives on 2nd June intercepted a consignment of 1,665kg skunk, a strain of cannabis, along Lekki-Ajah expressway. Two suspects, Gidado Abdulrasaq Ayinde and Obanla Oluwafemi, were promptly arrested in connection with the seizure.

In Kaduna state, the statement said, operatives of the state command of NDLEA on patrol along Abuja-Kaduna expressway on 3rd June arrested 29-year-old Goodluck Nnaemeka with 612 bottles of codeine-based syrup and 2,970 pills of flunitrazepam.

In another operation same day, a 52-year-old wanted drug dealer Kabiru Musa (a.k.a KB) was arrested at Kurmin Mashi. A total of 25.7kg skunk was earlier recovered from his base.

While a total of 9kg Loud was recovered from the spare tyre compartment of an Audi station wagon car marked AAA 975 XU driven by Atari Israel along Auchi road, Edo state, two young ladies: Favour Joy and Joy Igwe were, on 3rd June nabbed at Ikpoba hill area of Benin city. Recovered from them include: 106.57kg skunk; 1kg Loud; 800 grams Colorado and 302 grams of methamphetamine.

Babafemi said the War Against Drug Abuse (WADA) social advocacy activities by NDLEA Commands equally continued across the country in the past week.

While commending the officers and men of Lagos International Airport, Kaduna and Edo Commands of the Agency for the arrests and seizures of the past week, the Chairman and Chief Executive Officer of thry NDLEA, Brig-Gen. Mohamed Marwa (Rtd) also praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts.

ALSO READ TOP STORIES FROM NIGERIAN TRIBUNE



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8 06, 2025

Could Musk And Trump Drama Spark a Rally?

By |2025-06-08T16:34:22+03:00June 8, 2025|Crypto News, News|0 Comments

Dogecoin has recently seen a modest recovery after dipping to around $0.17, bouncing back in line with a broader market rebound.

This upward movement followed a turbulent week marked by external drama involving Elon Musk and Donald Trump, which had a noticeable impact on Dogecoin’s price due to Musk’s strong historical association with the token.

While Dogecoin isn’t currently considered an optimal asset for active trading, especially compared to its more volatile and profitable behavior earlier in the month, its resilience at the $0.17 support level suggests that investor confidence hasn’t been completely shaken.

Still, Dogecoin remains heavily reliant on fundamental developments, particularly news involving Elon Musk, whose endorsements and actions often drive its momentum.

Source – Cilinix Crypto on YouTube

Dogecoin Price Prediction

Currently, the key resistance level for Dogecoin stands at $0.187. If that resistance is successfully flipped into support, the price could consolidate between $0.185 and $0.20, creating the foundation for a potential push toward the $0.215 mark.

However, this bullish outlook depends largely on market sentiment and external factors. A reconciliation between Musk and Trump, or any positive media attention from influential figures, could accelerate this upward trajectory.

On the flip side, if Dogecoin fails to break above the $0.187 threshold, it’s likely to retreat back to the $0.17 zone and consolidate there.

Overall, while short-term risks remain, the most probable scenario, based on current fundamentals and market structure, points toward Dogecoin gradually stabilizing and potentially regaining upward momentum in the near future.

Dogecoin Price Uncertain While Snorter Token Presale Brings Innovative Trading Bot to Solana

While Dogecoin’s price remains uncertain amid shifting market sentiment, a new meme coin emerging on the Solana blockchain, Snorter Token (SNORT), represents a fascinating opportunity in the world of crypto presales.

As investors keep a close eye on legacy meme coins like Dogecoin, many are beginning to explore alternatives that offer greater upside potential. Despite its somewhat unusual and playful name, Snorter Token is more than just a meme token; it is developing a functional product aimed at filling a specific niche within the Solana ecosystem.

The project has impressively secured nearly $600,000 in funding, suggesting strong initial community interest and a degree of confidence from early backers.

The defining feature of Snorter Token is its role as a Solana-based meme crypto trading bot, designed to facilitate and streamline trading activity for users within the Telegram platform.

The Snorter Bot aims to provide a range of trading capabilities, such as the ability to swap various cryptocurrencies, including Solana and popular meme coins, directly through a user-friendly Telegram interface.

This integration could significantly lower the barrier to entry for less experienced traders by providing an accessible and secure environment for trading without needing to navigate complex decentralized exchanges or unfamiliar user interfaces.

The Snorter Bot includes advanced features to boost trading efficiency and security. It supports automated sniping, letting users quickly buy new tokens at launch using the contract address.

On-chain limit orders are another key feature, enabling traders to set predefined buy or sell prices for tokens that might not yet be listed on traditional exchanges, thereby increasing the chances of executing trades at desired price points.

Copy trading functionality is also included, allowing users to mimic the trading strategies of experienced traders, which can be especially appealing to newcomers looking for guidance in a volatile market.

To further protect users, the bot incorporates rug pull protection and honeypot detection mechanisms that help identify potentially fraudulent or scam tokens, reducing the risk of losing funds to malicious contracts—a common concern in decentralized finance.

The presence of a real product development roadmap is promising because it means Snorter Token has the potential to find product-market fit, which is crucial for long-term sustainability and revenue generation.

If the bot manages to attract new users, particularly those unfamiliar with existing trading bots, it could carve out a niche and start generating revenue, which opens doors for rewards, revenue sharing, and broader ecosystem growth.

For those interested in participating, Snorter Token’s presale allows purchases through the Best Wallet app, facilitating ease of entry for investors who want early-stage exposure. Investors can also stake their holdings with an annual percentage yield (APY) of 552%.

Snorter Token stands out as a presale with a potentially useful product that could appeal to new crypto traders and may be one of Dogecoin’s high-potential alternatives. To take part in the $SNORT token presale, visit snorter.com.

This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.

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8 06, 2025

Jiva Technologies First Purchase Order of LIV3’s SugarShield Supplement Is Ready to Ship from Best Formulations and Will Begin Shipping Direct to Consumers by June 10, 2025

By |2025-06-08T14:34:57+03:00June 8, 2025|Dietary Supplements News, News|0 Comments


VANCOUVER, BC, June 5, 2025 /PRNewswire/ — Jiva Technologies (CSE: JIVA) (Frankfurt: WNT1) (OTCQB: PLTXF) (“JIVA” or the “Company”), a leader in building niche online wellness communities and creating immersive physical environments, is pleased to announce that the first commercial production run of LIV3’s SugarShield supplement is ready to ship from Best Formulations, a Sirio Group company. Fulfillment to consumers will begin on June 10, 2025, with pre-sale orders placed since the website’s January launch transitioning to active shipping and standard orders opening thereafter.

Best Formulations, a Sirio Group company renowned for producing some of the most recognized supplements in the United States, brings unparalleled expertise and quality assurance to this project.

LIV3’s SugarShield capsules feature a liposomal delivery system designed to enhance nutrient absorption and bioavailability, with benefits expected to be felt within as little as two weeks.

Jiva believes that the e-commerce supplements category continues to expand rapidly, driven by increasing consumer demand for functional, science-backed products that support targeted wellness goals—from metabolic health to cognitive performance. The segment has seen significant growth as consumers prioritize convenience and transparency, with direct-to-consumer brands leading the charge.

Lorne Rapkin, CEO of Jiva Technologies, commented:

“Liv3Health.com is without question one of my favorite websites we’ve built at Jiva. I’ve been closely following the surge of new supplement brands launching GLP-1-inspired formulations and other wellness-forward solutions, and it’s clear the world is ready for products that support better health outcomes in accessible ways. I believe that supplements are the fastest growing category in e-commerce right now, and partnering with Chris Mearns to launch SugarShield and oversee the entire digital strategy is a critical part of our vision to make wellness more attainable for everyone. I genuinely cannot wait for people to hold these jars in their hands and experience the results for themselves.”

This marks another milestone in Jiva’s expanding portfolio of wellness-focused ventures, as the Company continues to leverage its digital expertise and consumer insights to build brands that connect with today’s health-conscious audience.

For more information about LIV3 or SugarShield, please visit www.liv3health.com.

About JIVA Technologies

JIVA Technologies is dedicated to building niche online wellness communities and creating immersive physical environments. With a proven track record in e-commerce marketplaces, bolstered by expert UI/UX design and SEO, JIVA now focuses on joint ventures to support wellness brands in developing their online presence. The company owns and operates Bloombox Club, an online plant delivery marketplace serving the United States, Germany, the United Kingdom, Austria, the Republic of Ireland, France, Spain, and Italy, as well as The Locavore Bar and Grill, a vibrant dining and gathering destination in Squamish, BC. Recently, JIVA became a shareholder in VEG House, a leader in the plant-based space, through a share exchange agreement. Committed to e-commerce, marketing, and wellness, JIVA’s mission is to cultivate online communities of like-minded consumers through education and collaboration. The company is actively pursuing joint ventures, such as the recently announced partnership with LIV3 for SugarShield, to empower wellness brands online by building their websites and managing all digital marketing.

About LIV3

LIV3 is dedicated to improving metabolic health by addressing the detrimental effects of fructose through its flagship product, SugarShield. Originally introduced through fructosecontrol.com, where the product received overwhelmingly positive feedback for its efficacy, SugarShield features Luteolin, a powerful compound that blocks fructokinase. SugarShield has the potential to reduce cravings, boost energy, and support weight management by preventing fructose metabolism. This innovative approach allows individuals to experience the benefits of a sugar-free lifestyle without making drastic dietary changes. Backed by research, LIV3’s solution targets the suspected root cause of metabolic dysfunction and offers a natural, effective way to improve overall health and wellness.

About Best Formulations (a Sirio Company)

Best Formulations, a Sirio Company, is a leading U.S.-based contract manufacturer specializing in high-quality dietary supplements, over-the-counter drugs, and functional foods. As part of the global Sirio Group—a renowned leader in the nutraceutical industry—Best Formulations combines international expertise with state-of-the-art manufacturing facilities in the United States. Committed to excellence and stringent quality control, the company adheres to strict U.S. regulatory standards and Good Manufacturing Practices (GMP), ensuring that products like SugarShield are manufactured to the highest quality. With over 35 years of industry experience, Best Formulations is dedicated to being a trusted partner in bringing innovative health products to market both domestically and internationally.

Contact
Lorne Rapkin
Chief Executive Officer
(416) 419-1415

Forward-looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may,” “will,” “expect,” “likely”, “should,” “would,” “plan,” “anticipate,” “intend,” “potential,” “proposed,” “estimate,” “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained herein includes, without limitation, statements regarding the availability of Future Farm products, JIVA  promotional events and the business and strategic plans of the Company.

By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: receiving sufficient demand for the Offering; the Company’s ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; the conflict in eastern Europe; having a limited operating history; the ability of the Company to access capital to meet future financing needs; the Company’s reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.

Additional risk factors can also be found in the Company’s continuous disclosure documents, which have been filed on SEDAR and can be accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained applicable herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by law.

SOURCE JIVA Technologies Inc.



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8 06, 2025

Cardano (ADA) Price Could Hit $1.90 In The Next 60 Days; This $0.07 Crypto Is Targeting Even Higher

By |2025-06-08T14:33:06+03:00June 8, 2025|Crypto News, News|0 Comments

While ADA tries to reclaim glory, has taken narrative leadership with a smooth wallet demo and Q3 release date. The PayFi newcomer has already sold more than 541.6 million tokens at $0.0781, raising more than $15.5 million towards a $18 million soft-cap. 

To close the gap, Remittix is now offering a 50 percent token bonus, cutting effective entry price and drawing new purchasers. The promise of the wallet is simple: put Bitcoin, Ether, or XRP into any bank account in the world in under ten seconds for pennies. Every transfer consumes Ethereum gas and directs a micro-charge to the owners of RTX, constricting supply with every increase in adoption.

Advocates compare initial Remittix statistics to the first year of Ripple in this in-depth report. They make the case that a $0.07 beginning point provides space for a 20× boom if PayFi gains traction during its first twelve months. 

Early whispers link RTX to Asian and Latin American cash-out groups, with the actual volume of transactions reaching as high as when the wallet goes live. Even if a fraction of the $190 trillion global payments market flows through the network, the fee burns that result should propel price action significantly beyond ADA’s projected percentages.

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8 06, 2025

NDLEA seizes psychoactive drugs disguised as Green Tea

By |2025-06-08T12:34:08+03:00June 8, 2025|Dietary Supplements News, News|0 Comments


The National Drug Law Enforcement Agency, NDLEA, has uncovered and seized a shipment of psychoactive substances deceptively packaged as green tea, in what officials describe as a sophisticated smuggling attempt.

NDLEA spokesperson Femi Babafemi announced the bust on Sunday via a post on X (formerly Twitter), sharing a video of the intercepted consignment.

The packages appeared to be standard green tea imports but were found to contain dangerous illicit drugs.

“This consignment is a green tea import in packaging and on the outside. But if you drink it, you may lose your mind because the real and undisclosed content is psychoactive substances as discovered by #ndlea_nigeria officers in one of our latest seizures. Shine your eyes.” Babafemi wrote.

The video clip posted by the agency shows NDLEA officers unwrapping the supposed green tea boxes to reveal sachets of the hidden substances.NDLEA seizes psychoactive drugs disguised as Green Tea

Details about the shipment’s origin, destination, and arrests made were not immediately disclosed, but the agency confirmed that investigations are ongoing.





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8 06, 2025

Institutions Are Rapidly Accumulating XRP, ETH and LTC

By |2025-06-08T12:31:01+03:00June 8, 2025|Crypto News, News|0 Comments

Remittix has rapidly positioned itself as a top-tier payment token for 2025, combining innovative technology with strong community backing and clear real-world utility. The highly anticipated launch of the Remittix wallet, slated for Q3, is creating excitement across crypto circles. 

The wallet, designed to offer seamless crypto-to-fiat conversions, real-time global transfers, and robust security features, is a major milestone toward mass adoption.

The ongoing is already one of the most successful this year. With RTX tokens priced at $0.0781, the project has raised over $15.5 million and sold more than 541.6 million tokens. Investors are jumping in not just for the tech but also for the 50% bonus on offer; an incentive that’s driving rapid buy-in as the soft cap of $18 million nears. 

This level of enthusiasm highlights the strong demand for real utility in the payment token space. Built for scale, Remittix supports over 50 cryptocurrencies and 30 fiat currencies, enabling near-instant, low-cost payments worldwide.

What truly differentiates Remittix is its blend of innovation, compliance, and community-first growth, Remittix delivers a user-focused product that solves real payment issues with iIts transparent governance, high staking rewards and aggressive adoption strategy making it a breakout candidate for 2025. With the presale window closing soon, securing RTX at $0.0781 could be a defining move for forward-thinking investors.

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8 06, 2025

GBP/USD Weekly Forecast: Metal Tariff Exemptions Boost Pound

By |2025-06-08T10:41:58+03:00June 8, 2025|Forex News, News|0 Comments

  • The GBP/USD weekly forecast indicates trade optimism in the UK.
  • A better-than-expected nonfarm payrolls report allowed the dollar to recover on Friday.
  • Next week, the US will release crucial inflation figures.

The GBP/USD weekly forecast indicates trade optimism in the UK after exemptions from Trump’s steel and aluminum tariffs.

Ups and downs of GBP/USD

The GBP/USD pair had a bullish week as the pound gained on trade optimism and a weak dollar. However, the dollar recovered on Friday after upbeat employment figures.

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The UK has already signed a trade deal with the US. Therefore, when Trump doubled tariffs on steel and aluminum, Britain was exempted. At the same time, the dollar fell at the start of the week due to downbeat data on business activity and private employment. This allowed the pound to gain. However, a better-than-expected nonfarm payrolls report allowed the dollar to recover on Friday.

Next week’s key events for GBP/USD

GBP/USD Weekly Forecast: Metal Tariff Exemptions Boost Pound

Next week, market participants will focus on key economic reports from the UK, including employment, manufacturing production, and GDP. Meanwhile, the US will release consumer and wholesale inflation figures. 

UK employment and GDP numbers will show the state of the economy, shaping the outlook for BoE policy. At the moment, market participants expect the central bank to pause at its next meeting. Still, the outlook for future moves will continue to change with incoming data.

Meanwhile, US inflation numbers will show whether Trump’s tariffs have increased price pressures. If not, policymakers will be confident to cut rates in September.

GBP/USD weekly technical forecast: Bearish RSI divergence

GBP/USD weekly technical forecastGBP/USD weekly technical forecast
GBP/USD daily chart

On the technical side, the GBP/USD price has made new peaks near the 1.3603 key level. Moreover, it trades above the 30-SMA, with the RSI above 50, indicating a solid bullish bias. However, while the price has reached a new high in the uptrend, the RSI has made a lower high, indicating a bearish divergence. 

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This is a sign that bullish momentum is fading. Therefore, bears might get stronger and push the price below the 22-SMA. Such a move would allow GBP/USD to retest the 1.3201 support level. However, bulls will remain in the lead as long as the price stays above the support trendline. 

On the other hand, if bulls regain momentum, the price will likely retest the 1.3603 resistance level. A break above would strengthen the bullish bias by making a higher high.

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