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MOVE is up nearly 21% in 24 hours – Here’s what you should know before buying

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MOVE is up nearly 21% in 24 hours - Here's what you should know before buying


Movement [MOVE] has rallied by 20.77% over the past 24 hours. Its daily trading volume has surged tenfold, and there was a massive upward price wick. The 20% move was not the zenith of the move, as the altcoin had reached a local high of $0.03 a few hours earlier.

This was a whopping 108.6% higher than the current price, indicating extreme volatility in MOVE trends recently. It is unclear what caused the high volume, but it is clear that the huge influx of activity drove prices higher, then lower again.

It was also clear that the higher timeframe trend remained unchanged. Here’s what MOVE traders and holders need to watch out for.

Sustained volume is needed to shift MOVE trends

Consistency and sustained capital flows are needed to carry a long-term trend. Such flows can come for various reasons, but the main point is sustained flows.

MOVE 1-day Chart
Source: MOVE/USDT on TradingView

On Monday, the 8th of June, the daily trading volume was almost sixfold the 20-day volume’s moving average. Tuesday’s trading day has not yet concluded, but the volume was already 9x the 20-day moving average and more than double that of Monday’s volume.

Yet, these were isolated volume spikes so far. There have been a handful of such volume spikes in recent months that were unable to turn the higher timeframe downtrend around. For example, mid-April and early February.

Both incidents saw large upward price spikes, but these were followed by a steady downward price move in the following weeks.

Traders’ call to action – Trust the trend

MOVE 1-hour ChartMOVE 1-hour Chart
Source: MOVE/USDT on TradingView

The hourly RSI already flashed a bearish divergence against the price, forming a lower low even as the price raced higher. The OBV also saw a large upward spike, but this might not mean much if key resistance levels are left untouched.

At press time, the $0.0212 is one such level to watch out for. Technically, the $0.02-$0.029 area is a supply zone due to the large upward wick made on Sunday, the 19th of April.

MOVE might be trending on social media due to volatility and high volume, but traders should remain cautious about trying to go long here.


Final Summary

  • Movement prices doubled in the trading hours before press time on Tuesday, but the rally has swiftly retraced.
  • Solitary volume and price spikes, followed by a bearish continuation of the higher timeframe trend, have been a theme for MOVE in recent months.



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BTC price bounce is no bullish revival, with anything from $68,000 to $80,000 seen as a marker: Crypto Daily

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BTC price bounce is no bullish revival, with anything from $68,000 to $80,000 seen as a marker: Crypto Daily


Bitcoin has carved out a relief bounce after plunging below $60,000 on Friday, but a bounce and a bullish revival are two very different things. The latter hinges on a couple of key price levels, according to analysts.

“The market has become oversold enough for sharp relief rallies, especially if inflation data softens and ETF outflows slow,” analysts at HEX Trust said in an email. “But the difference between a relief rally and a regime shift is acceptance … BTC needs [to retake] $79k-$80k.”

In other words, anything below $80,000 would be seen as a corrective bounce within the broader bear market that began last year. Only a move beyond that would signal the beginning of a new advance.

Their stance may be overly cautious, according to some observers.

“Technically, a recovery up to $68K could be viewed as a rebound from the downward momentum seen between 11 May and 5 June,” said Alex Kuptsikevich, the chief analyst at FxPro, hinting at a lower price level to beat for the bulls.

A rally even to these levels hinges on ETF flows and macro factors. The 11 spot bitcoin ETFs listed in the U.S. have processed redemptions over $5 billion in the past four weeks. On Monday, investors yanked another $91 million, according to data source SoSoValue.

These outflows need to meaningfully reverse for the bitcoin price to gain upward momentum. In addition, Wednesday’s U.S. inflation data may have to come in softer than expected, easing concerns the Fed will raise interest rates. The data is expected to show the cost of living topped 4% in May, well above the Fed’s 2% goal.

“The constructive path is conditional: inflation softens, Treasury yields stabilize, AI equities stop de-risking, BTC/ETH ETF outflows slow, and the market reclaims the key technical levels. Until then, the conclusion is deliberately simple: below the reclaim, there is no regime shift,” Hex Trust said. Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”

What’s trending

Today’s signal

The chart shows bitcoin’s hourly price swings in candlestick format along with the MACD histogram in the lower pane, which shows trend changes and strength.

Prices are currently trading close to a trendline, which represents the mini-bounce from Friday’s low. A break of this trendline would mark the end of the bounce and open the path for a potential test of recent lows.

The negative MACD histogram suggests bearish momentum is strong, meaning the trendline support may not last long.



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Organic Cotton Summit 2026 puts producing communities in focus

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Organic Cotton Summit 2026 puts producing communities in focus


The event, held from 2–4 June, was jointly organised by the Organic Cotton Accelerator (OCA) and Textile Exchange.

It brought together close to 270 delegates from 24 countries. Attendees included farmers, producer groups, suppliers, brands, retailers, civil society, public sector representatives, innovators, and those involved in finance.

The Organic Cotton Summit 2026 served as a platform for the sector to work towards practical solutions, share knowledge, consider regional differences, and build partnerships needed to increase the impact of organic cotton.

Discussions addressed opportunities to expand organic cotton while adapting to changing market trends, policy shifts, and stricter regulatory standards.

A recurring message throughout the sessions was the recognition of organic cotton as an important approach to addressing long-term risks facing the industry.

Participants pointed to interrelated challenges such as adapting to climate change, improving soil health, preserving biodiversity, supporting farmer livelihoods, and ensuring sourcing security. Progress in these areas, they said, relies on cooperative action across the value chain.

Delegates also discussed ways to accelerate improvements, among them increasing investment in farming communities, using data to monitor climate and environmental outcomes, enhancing systems for traceability and transparency, preparing for new policy and due diligence requirements, and fostering trust in complex global supply networks.

They also examined how meeting compliance can be leveraged not only for regulatory purposes but also for creating more robust, accountable, and farmer-centred sourcing practices.

The summit’s conversations in Istanbul resulted in broad agreement that building a sustainable organic cotton sector will require long-term commitment, practical collaboration, and investment that benefits farming communities directly.

Additional activities in the summit include a field visit to the organic cotton-growing area of Aydın, Türkiye.

Hosted by OCA’s local partner Akasya, the visit gave participants the chance to meet with farmers, observe cotton fields during the growing season, and tour a local ginning facility.

The programme also featured speakers and experts from the global organic and sustainability community. In addition, the Organic Cotton Pavilion, hosted by OCA, highlighted organisations working in organic cotton production, certification, traceability, and technological innovation.

Organic Cotton Accelerator executive director Bart Vollaard said: “The organic cotton sector should work like a healthy farm ecosystem. Every part has a role to play, and every part depends on the others. When you look around this room, that ecosystem is here: farmers, brands, manufacturers, certifiers, public sector, civil society organisations, and partners from across the value chain.

“When trust, knowledge, demand, and long-term commitment reinforce one another, the whole system becomes stronger. But no ecosystem can thrive if too much risk sits with one group. If farmers carry a disproportionate share of the risk, the foundation becomes unstable. Our collective challenge is to build a system where responsibility, value, and risk are shared more fairly. Because organic cotton will only reach its potential if we strengthen the entire ecosystem, together.”

“Organic Cotton Summit 2026 puts producing communities in focus” was originally created and published by Just Style, a GlobalData owned brand.

 


The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.



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White House sees forward path for CLARITY Act: ‘Time is of the essence’

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White House sees forward path for CLARITY Act: 'Time is of the essence'


The White House seems hopeful about resolving the teething issues on the crypto market structure bill, the CLARITY Act. After a partial win on stablecoin yield compromise, developer protection is next on the table. 

According to former FOX Business reporter Eleanor Terrett, the White House will host law enforcement officials on Wednesday, the 10th of June.

Citing people familiar with the matter, Terrett said the meeting will address concerns raised by the group, especially on developer protections under the Blockchain Regulatory Certainty Act (BRCA). 

For the unfamiliar, BRCA seeks legal relief for developers of non-custodial platforms to avoid categorizing them as money transmitters. As such, any wrongdoing on such platforms should target third-party crime perpetrators, not the innocent builders. 

So how do you ensure such decentralized venues aren’t used for illicit finances? 

In the past, it was easy to go for founders like Tornado Cash’s Roman Storm. This, according to some analysts, helped warn others from creating such systems that enable sanctioned entities to move capital. 

Although over 160 law enforcement officials recently backed the bill, it’s unclear what a compromise on the developer protections will look like. 

Industry’s push for CLARITY Act’s floor vote

That said, the upcoming White House meeting followed a recent push by the industry for the Senate to pass the bill. Over 200 crypto organizations and firms, including the industry’s lobby groups Stand With Crypto, urged Senate leadership to schedule a floor vote for the bill. 

Reacting to the update, White House crypto chief advisor Patrick Witt said, 

Big week ahead for Clarity. The work has continued in earnest behind the scenes since the Banking markup. The issue set has narrowed, and good faith offers are being put forward to close the gap. But time is of the essence.

The ‘big week ahead’ likely referred to the developer protection meeting. 

Separately, the House officially unveiled crypto tax proposals to address double taxation on crypto miners and stakers, among other issues. For Witt, this was a double win, adding that, 

Clarity for market structure, Parity for tax. Great work.

Still, banks aren’t wholly supportive of the stablecoin yield provisions. Although the White House has kicked off ethics provision discussions, it remains a key contention given Trump’s family’s interest in the sector. 

As of writing, the market was 50/50 on the bill’s passage by the end of the year. 


Final Summary

  • The White House will hold a meeting on Wednesday to address developer protection provisions concerns.
  • The market was 50/50 on the CLARITY Act passage ahead of the November midterms. 



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USDT’s dominance rate flashed a golden cross, which may be bad news for the bitcoin (BTC) price

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USDT's dominance rate flashed a golden cross, which may be bad news for the bitcoin (BTC) price

A popular signal that confirms sustained bullish shifts in market momentum just appeared on the dominance chart for Tether’s USDT, the world’s largest stablecoin by market capitalization.

That may not be good news for bitcoin , the largest cryptocurrency.

USDT’s dominance rate, which measures its share of the total crypto market cap, is sporting a golden crossover, a technical signal that indicates the dollar-pegged token’s allocation may increase in the weeks ahead.

That’s a negative signal for bitcoin because it implies crypto market participants are shifting their funds into a token whose value doesn’t fluctuate against the dollar, rather than piling into riskier investments.

To understand why, it helps first to grasp USDT’s role in crypto markets.

At $186.84 billion, the Tether-issued token trails only bitcoin and ether (ETH) in market cap. It is designed to trade 1:1 against the U.S. dollar and is widely seen as a dollar-equivalent asset, a sort-of tokenized version of the greenback.

Funding currency of choice

It has become the preferred funding currency of choice, investors use it to purchase coins and for DeFi lending and borrowing strategies.

Its dominance rate tends to rise when the price of bitcoin falls, reflecting capital rotation out of more speculative investments into dollar equivalents, a classic risk-off move, much like in traditional finance.

Last week offered a clear glimpse of that dynamic. USDT’s dominance rate surged 13.5% to 9%, the biggest single-day jump since March 2025, as the bitcoin price fell almost 14%, briefly dipping below $60,000.

The golden cross, in which the 50-week moving average overtakes the 200-week average, suggests this rotation may not be over because it’s a sign that momentum in USDT’s share of market cap is becoming more bullish.

In other words, risk aversion across the broader crypto market could deepen, driving continued capital flows into USDT.

It is worth noting that the capital sitting in the stablecoin may not simply be waiting for the right moment to re-enter the market. Investors may convert their holdings to fiat and leave the crypto market altogether.

That appears to be what happened last week. While USDT’s dominance rose sharply, its market cap fell for a third consecutive week. That combination suggests a meaningful portion of the capital did not stay there. More likely, it left the crypto market entirely.

The golden cross arrives alongside bitcoin’s worst weekly performance in months, persistent outflows from spot U.S. exchange-traded funds (ETFs) and growing competition from AI stocks for institutional capital.

That confluence of events paints a consistent picture. The appetite for crypto risk is genuinely cooling, not just pausing.

Until USDT’s dominance starts reversing, signaling capital rotating back into risk assets, the path of least resistance for bitcoin and the broader market may remain to the downside.



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Get Paid Like an Indiana Police Officer With $5,000 a Month in Dividend Income After Taxes

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Get Paid Like an Indiana Police Officer With $5,000 a Month in Dividend Income After Taxes


Quick Read

  • Reaching $5,000 monthly after taxes requires between $770,000 and $1.9 million in capital, depending on yield tier and dividend tax treatment.

  • AGNC‘s 14.1% yield cuts the capital requirement sharply, but its distribution has fallen 74% since 2010, illustrating high-yield principal risk.

  • Sheltering ordinary-income payers like ARCC in an IRA while keeping JNJ in taxable accounts can meaningfully boost spendable income.

  • Many financial professionals are salespeople paid on what they push, not whether you end up wealthier. A fiduciary is the opposite. The SEC legally requires them to put your interests first. Advisor.com’s free matching tool pairs you with vetted fiduciaries from firms like Vanguard, Empower, and Edelman — in under three minutes. See who you match with today.

Five thousand dollars a month in spendable dividend income works out to $60,000 per year after federal tax, roughly equivalent to the salary of a typical police officer in Indiana. The headline yield shown on a brokerage statement does not tell the full story. Taxes, the type of distributions received, and future dividend growth all influence how much income ultimately reaches your checking account.

Start with the gross-up. Qualified dividends from blue-chip payers face a top federal rate of 0%, 15%, or 20% depending on bracket. Ordinary dividends from REITs, BDCs, and mortgage REITs are taxed at marginal rates that top out at 37% on income above $768,700 for joint filers in 2026. That spread is the whole game.

Blue-Chip Dividend Growth: 3% to 4% Yield

Dividend aristocrats and broad dividend-growth funds sit here. Johnson & Johnson (NYSE:JNJ) yields about 2.3% on a $5.28 annualized run rate after raising its payout to $1.34 quarterly in May 2026. P&G (NYSE:PG) lifted its quarterly to $1.0885, extending a streak that began in 1890.

Because these are qualified dividends, a retired couple needs roughly $62,000 to $68,000 of gross distributions to net $60,000. At a 3.5% blended yield, that math is roughly $1.9 million. The payoff for the capital outlay: JNJ shares returned 155% over the last decade and PG returned 124%, while the dividend grew alongside the price.

REITs, Telecom, and Preferred Income: 5% to 7% Yield

This is where REITs, telecom, preferred shares, and covered-call ETFs live. Verizon (NYSE:VZ) currently pays $0.7075 per quarter, a qualified dividend backed by a slow-grower telecom. Realty Income (NYSE:O) yields 5.4% on a $3.234 annualized monthly distribution, with 98.9% portfolio occupancy and a 670-month payment streak. REIT distributions are taxed as ordinary income.



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SpaceX IPO Is A $1.77 Trillion Bet On An Orbital Economy

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SpaceX IPO Is A $1.77 Trillion Bet On An Orbital Economy


Topline

Most people assume the upcoming SpaceX initial public offering (IPO) of shares on the Nasdaq stock index — where shares will sell for $135 each — is a bet on rockets. Yet rockets may ultimately be the least important reason to invest. The SpaceX IPO could be a bet on a new economy in low Earth orbit.

Key Facts

SpaceX now operates more than 10,000 active Starlink satellites, about two-thirds of all working satellites in orbit. It has plans to launch to 20,000. It has 10.3 million subscribers across 164 countries.

Starlink generated an operating profit of $1.19 billion in the first quarter of 2026, according to Reuters, but the company reported a total operating loss of $1.94 billion on $4.69 billion in revenue.

The company is formally known as Space Exploration Technologies Corporation and will list under the symbol SPCX.

Beyond Rockets

The strongest immediate argument for SpaceX’s future is Starlink, a low Earth orbit satellite internet constellation that delivers high-speed, low-latency broadband. SpaceX launched its first batch of Starlink satellites in 2019 and reached 10,000 last month — two-thirds of all the working satellites in the sky. Amazon Leo, its competitor, has 300 satellites in orbit and plans to launch 3,200, according to Space.com. The company has pivoted from selling access to orbit to selling connectivity — and it intends to go much further.

Some think many investors misunderstand what they would be buying in a SpaceX IPO. “People think they’re investing in rockets,” said futurist and entrepreneur Brett Hurt, author of Love Conquers Fear: Humanity, AI, and the Age of Abundance for All, in an interview. “They’re investing in a communications network, the future of data centers and the future of energy.”

Starship And The Economics Of Orbit

If Starlink represents the first phase of SpaceX’s evolution, Starship could unlock the second. The fully reusable rocket is designed to carry more than 100 tonnes to low Earth orbit, potentially fundamentally altering what can be built in orbit.

“We believe Starship has the potential to define a new era in space,” said Mark Boggett, CEO of space investment firm Seraphim Space, in an email. Starship — currently in testing — could offer roughly ten times the launch capacity at a fraction of today’s costs. If Starship can be launched regularly, some analysts believe launch prices could eventually fall from around $5,000 per kilogram to the low hundreds of dollars per kilogram. “Payload mass and size, historically the primary constraints, could cease to be limiting factors,” said Boggett following Starship’s latest test flight. “This unlocks an entirely new phase of innovation, where deploying truly massive infrastructure in orbit becomes viable.”

Big Structures In Space

The largest structures in orbit — such as the International Space Station and AST SpaceMobile’s cell tower arrays — are roughly the size of a football field. Starship could make structures 100 times the size feasible. What those giant structures might actually do remains an open question. Possibilities range from AI data centers and communications platforms to space-based solar power systems. If Starship succeeds in reducing launch costs dramatically, the debate may shift from how to reach orbit to what humanity chooses to build there.

Background

SpaceX’s ascent has long been associated with very ambitious goals such as reusable rockets, human missions to Mars and NASA’s Artemis program to return astronauts to the moon. Increasingly, however, investors are viewing the company through a different lens. Rather than focusing solely on space exploration, many see SpaceX as a key player in the infrastructure that underpins the modern economy, spanning transportation, global connectivity, computing and energy. SpaceX’s greatest opportunity may lie not just in delivering payloads to orbit, but in creating the foundation for entirely new industries and markets.

Further Reading

ForbesNASA Changes Moon Plan: Landing Now Depends On SpaceX Or Blue OriginForbesSpaceX Vow To Loft 1 Million AI Satellites Could Spark Doomsday DiveForbesSpaceX Says It’s Sparking One Of Galaxy’s Most Advanced CivilizationsForbesWhy History Will Not Care About The SpaceX IPO Valuation



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