David Marsanic

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Crypto and Tech Journalist, Writer at Freelance

Opinions are my own.

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Articles

Dow Jones, major indices surge on jobs data while Tesla recovers

1 day ago | crypto.news | David Marsanic

Share Stocks are in recovery mode after the latest jobs report beat expectations, while Tesla regained some of its losses. U.S. stock indices rebounded on Friday, June 6, following stronger-than-expected jobs data. The Dow Jones rose 300 points, or 0.7%, while the S&P 500 gained 0.75%. At the same time, the tech-heavy Nasdaq climbed 0.97%, with major indices buoyed by encouraging figures on U.S. employment.
Bitcoin, Ethereum going mainstream as JPMorgan, SEC open doors: Binance Research

1 day ago | crypto.news | David Marsanic

Share Binance Research highlighted several major developments that suggest that crypto is breaking into mainstream finance. Crypto is no longer on the fringes of the financial world. On Friday, June 6, Binance Research released its weekly report, emphasizing that crypto is becoming increasingly integrated with traditional finance. Still, it noted that crypto was among the hardest-hit market segments last week, largely due to political turmoil.
U.S. jobs report sends mixed signals, Bitcoin traders eye Fed’s next move

1 day ago | crypto.news | David Marsanic

Share U.S. jobs growth in May was in line with expectations, suggesting that the Fed may keep rate cuts on schedule. Despite earlier expectations, U.S. jobs data was not the major crypto market mover this week. On Friday, June 6, U.S. hiring slowed, with employers adding 139,000 new jobs. While this figure was lower than the revised 147,000 for April, it was still slightly above the forecasted range of 125,000 to 130,000.
FCA may allow crypto ETNs for retail traders under new proposal

1 day ago | crypto.news | David Marsanic

Share Retail investors may soon be able to buy crypto ETNs, as the country’s top financial regulator weighs investor protections with innovation. UK regulators are taking steps to boost growth in the country’s crypto industry. On Friday, June 6, the UK’s Financial Conduct Authority proposed lifting a ban on crypto exchange-traded notes for retail customers. However, these notes will have to be issued by FCA-approved exchanges.
Ethereum, Solana, Doge traders caught off guard as Musk-Trump split weighs on markets

1 day ago | crypto.news | David Marsanic

Share Total crypto liquidations hit $972.22 million in 24 hours, with Ethereum, XRP, Dogecoin, and Solana among the most impactedLong traders were caught off guard in the largest liquidation event since February, following a public split between U.S. President Donald Trump and a former close ally and supporter Elon Musk. On June 6, a wave of liquidations totaling $972.22 million swept the market, according to data from CoinGlass.
Sui price down 14% in a week as ETF uncertainty and macro risks hurt sentiment

2 days ago | crypto.news | David Marsanic

Share Sui has experienced prolonged bearish pressure after the SEC decided to prolong its decision on its spot ETF. Sui (SUI) was down 4% on Thursday, compounding its earlier losses this week to 14%. Despite somewhat recovering this week, the token is still under pressure as weak sentiment plagues its entire ecosystem. The most recent blow for Sui came in the form of an unfavorable decision by the U.S. Securities and Exchange Commission.
Dow Jones inches higher on easing U.S.-China trade tensions, Tesla slides

2 days ago | crypto.news | David Marsanic

Share U.S. stock indices are recovering as Trump and Xi pledged to resume talks. On the other hand, Tesla took a beating on Musk’s spat with Trump. U.S. stock indices modestly gained on Thursday, after positive developments in U.S.-China trade relations. The Dow Jones Industrial Average rose by 60 points, or 0.15%, while the S&P 500 gained 0.02%. The tech-heavy Nasdaq edged up just 0.01%.
Bitcoin price could reach reach $125k in June: Bitfinex

2 days ago | crypto.news | David Marsanic

Share Bitcoin’s short-term price performance will largely be influenced by Friday’s U.S. jobs report and a continued increase in ETF inflows, according to Bitfinex analysts. Bitcoin (BTC) could climb to $125,000 by the end of June if macroeconomic conditions remain favorable, analysts told crypto.news on June 5. The primary catalyst in the near term is Friday’s non-farm payroll report, which is expected to show a slowdown in employment.
Plume launches Genesis mainnet for DeFi-enabled real world assets

2 days ago | crypto.news | David Marsanic

Share Plume Network launched its mainnet, bringing all the functionality of DeFi to real-world assets. The mainnet launch follows an Alpha phase that saw over $150 million in real-world asset capital deployed on-chain, according to the company. Plume is bridging DeFi and RWAs. On June 5, Plume Network announced the debut of its Plume Genesis mainnet, a dedicated RWAfi blockchain built to enable DeFi composability with tokenized real-world assets.
Bitcoin ETF inflows hit $5.2b as all-time high fuels institutional demand

2 days ago | crypto.news | David Marsanic

Share In May, key trends in crypto centered on institutional interest in Bitcoin and Ethereum ETFs, driven by positive regulatory developments. Strong inflows into Bitcoin (BTC) and Ethereum (ETH) exchange traded funds coincided with Bitcoin reaching a new all-time high in May. According to a Binance Research report, released on June 5, crypto markets remained resilient despite volatility triggered by uncertainty around U.S. trade policy.