🚨 Web3 Unchained: Crypto’s Hottest Stories Unpacked

Author

CoinGape Media
June 03, 2025

News

BlackRock’s iShares Bitcoin Trust (IBIT) may become the world’s largest Bitcoin holder by the end of 2026, according to Bloomberg Intelligence analyst Eric Balchunas. The ETF, which launched just 16 months ago, has rapidly accumulated Bitcoin and now holds over 660,000 BTC.

In a bold remark, Binance founder Changpeng Zhao (CZ) took a dig at Indian crypto regulation. He was replying to a post on X which shared a recent high-profile bribery case involving a senior IRS officer. While the authorities seized substantial assets, including gold, silver, and fiat, CZ humorously suggested that the presence of any cryptocurrency would have automatically made it a ‘crypto case.’

Markets

The four-hour XRP price chart shows a 5.62% recovery since the May 31 swing low of $2.08. This bounce may receive a boost as the Awesome Oscillator has flashed its fifth buy signal in under two months. The last four times this indicator revealed this bullish technical formation, the token soared between 6% and 26%. Will history repeat and catalyze a 15% price rally?

As Bitcoin consolidates around $105,000, investors are closely watching a make-or-break support level that could determine whether BTC price resumes its bull run or faces a deeper correction. Despite the recent correction and a failed attempt at recovery, if Bitcoin (BTC) maintains this key technical support, it could trigger a bull rally to $120K.