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Group Eleven to be Featured on Radius Research for a Live Company Pitch, Deep Dive and Q&A Webinar

Investing 4 Mins Read

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to invite investors and other interested parties to attend the Company’s upcoming interview with Radius Research.

CEO Bart Jaworski is providing an update on ZNG’s Ballywire high-grade zinc-lead-silver (+/- germanium, +/- copper) discovery in the Republic of Ireland.

Group Eleven is a mineral exploration company focused on advanced-stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire zinc-lead-silver discovery in September 2022. Ballywire is located 20 kilometres from the Company’s 77.64-per-cent-owned Stonepark zinc-lead deposit, which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit. The Company’s two largest shareholders are Glencore Canada (16.1% interest) and Michael Gentile (16.0%).

The webinar will be a live, interactive online event where attendees are invited to ask the Company questions in real-time following the interview. An archived webcast will be made available for those who cannot join the event live on the day of the webinar.

To view an enhanced version of this graphic, please visit:
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Event: Radius Research Pitch, Deep Dive and Q&A with Group Eleven Resources
Presentation Date & Time: Friday, May 9th @ 1 PM ET / 10 AM PT

Webcast Registration Link: https://us02web.zoom.us/webinar/register/2217454525321/WN_rbcETYVHSkKaIyDcqlKduQ

Market Radius Research gives individual investors access to in-depth CEO interviews with deep-dive institutional-level discussion and Q&A. Market Radius is hosted by Martin Gagel, former top-ranked sell-side technology and specialist analyst. By registering for this webinar you agree to receive a weekly email from Radius Research (with one-click unsubscribe if you’re not interested) and your contact information will be shared with the presenting company.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire discovery in September 2022. The Company’s two largest shareholders are Glencore Canada Corp. (16.1% interest) and Michael Gentile (16.0%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250758

News Provided by Newsfile via QuoteMedia

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New Cannabis Consumption Trends, Regulatory Shifts Seen Driving Market in 2025

Investing 7 Mins Read

Understanding trends in the cannabis industry is paramount for investors eyeing a market with steady growth potential, but the landscape is complex as products and regulations continue to evolve.

Consumption habits are changing as edibles, vaping and THC beverages gain traction, especially among younger users, and cannabis companies are adapting their offerings to meet shifting demand.

Meanwhile, regulatory uncertainty, particularly surrounding the future of the US Farm Bill and state-level restrictions on hemp-derived cannabinoids, continues to challenge the market.

Despite these headwinds, production data and long-term growth forecasts suggest the cannabis industry remains on a promising — albeit turbulent — path. Read on for more on key trends to watch in 2025.

Consumption methods evolving post-legalization

Shifts in consumer behavior are reshaping markets across the board, and the cannabis industry is no exception.

While smoking remains the dominant method of cannabis consumption, a recent report from the Centers for Disease Control and Prevention highlights the growing popularity of edibles, vaping and dabbing.

The report notes that vaping and dabbing are particularly pronounced among younger adults.

A separate study published by the American Medical Association and funded in part by the Canadian Institutes of Health Research also points to how product preferences have changed among Canadian users since legalization in 2018.

The study indicates that while the use of flower, cannabis concentrates, oil, tinctures and topicals has decreased during that time, the use of vape cartridges, edibles and beverages has increased.

Edibles and beverages were legalized in Canada in late 2019, and Truss Beverage was one of the first players to introduce cannabis-infused drinks. Truss was a joint venture formed by Molson Coors Canada (TSX:TPX.A,TSX:TPX.B) and HEXO, a cannabis company that has since been acquired by Tilray Brands (TSX:TLRY,NASDAQ:TLRY).

In early 2020, Tilray launched a lineup of confectionery, wellness products and beverages through its subsidiary, High Park; Canopy Growth (TSX:WEED,NASDAQ:CGC) made a similar move. These companies gradually brought their products to the US as more states legalized cannabis for medical and/or recreational use.

Today, established cannabis brands typically offer edibles and beverages alongside their other products. Organigram Global (TSX:OGI,NASDAQ:OGI) is one of the newest US entrants, with its April acquisition of Collective Project providing immediate access to the US hemp-derived THC beverage market.

Growing awareness of health and wellness, potentially amplified by the pandemic-led adoption of health trackers, appears to be making an impact on the alcoholic beverage market.

A 2023 Gallup poll reveals a two decade decline in alcohol consumption, particularly among younger adults, suggesting a shift towards more health-conscious lifestyles within this demographic.

Craft beer production declined by 4 percent year-on-year in 2024, according to data collected by the Brewers Association. This marked the largest drop in the industry’s history, excluding the pandemic. For small, independent craft breweries, 2024 marked the third consecutive year of declining production. A drop in the number of operating small breweries last year provides further evidence of this trend, with 501 closures in 2024 versus 434 openings.

Challenges in the alcohol market extend beyond the brewing industry, with the New York Times recently reporting the closure of a handful of nightclubs facing decreased alcohol sales alongside rising insurance and rent costs.

Meanwhile, cannabis lounges have been popping up across the US for the last several years. As of early 2025, several states had legalized or were in the process of implementing regulations for cannabis consumption lounges.

Hemp market growth despite regulatory uncertainty

The burgeoning hemp industry is another segment of the expanding cannabis market.

The legalization of industrial hemp — defined as cannabis with a THC concentration of 0.3 percent or less — through the 2018 Farm Bill led to initial investment and optimistic projections for CBD wellness products and various industrial applications. The sector’s rapid evolution also brought the rise of hemp-derived intoxicating cannabinoids, creating a market that presented both opportunities and complexities for participants.

However, after an initial boom, a lack of infrastructure and clearly defined regulations for CBD, as well as state-level variations and market oversupply, ultimately contributed to a quick retraction.

2024 was a pivotal year for the US hemp industry, as the hemp-related provisions of the 2018 Farm Bill — originally set to expire in September 2023, but extended to December 31, 2024 — created an urgent need to address critical issues like THC limits and the regulation of novel hemp-derived cannabinoids. A major point of contention was the proposed shift from defining hemp based on Delta-9 THC concentration (0.3 percent or less) to “total THC,” which includes THCA.

This change had the potential to significantly impact farmers and processors, as many hemp varieties that are compliant under the Delta-9 THC rule could exceed the 0.3 percent limit when THCA is included.

Various bills and amendments were proposed in 2024 as part of the Farm Bill discussions, each with different approaches to regulating hemp. Separate regulatory frameworks for industrial hemp and hemp grown for cannabinoids were suggested, and many states took their own action, leading to a patchwork of regulations and even outright bans.

Despite challenges, data from the US Department of Agriculture suggests signs of recovery.

The department’s annual National Hemp Report from 2024 points to an 18 percent increase in industrial hemp production value between 2022 and 2023, with output growth seen in specific sectors like floral (18 percent), fiber (133 percent) and seed hemp (414 percent). The 2025 report from the Department of Agriculture indicates further expansion, with notable increases observed in both acreage (up 64 percent from 2023) and value (46 percent).

The 2024 Farm Bill ultimately did not pass, and right now the hemp industry is operating under a temporary extension of the 2018 Farm Bill under the American Relief Act of 2025, signed into law on December 21, 2024.

The 2018 Farm Bill is now set to expire on September 30, 2025.

While analysts for Markets and Markets project that the North American hemp industry will grow at a CAGR of 22.4 percent and ultimately reach a valuation of US$30.24 billion by 2029, the future of the industry will be heavily influenced by the outcome of the ongoing Farm Bill discussions.

US cannabis legalization remains stalled

Although there is clear demand for cannabis products, the now-defunct rescheduling process in the US is likely to continue casting a shadow of uncertainty over the industry’s long-term trajectory.

Legal and procedural delays, including allegations of improper conduct and bias within the US Drug Enforcement Administration (DEA), led to hearing cancellations, and the new administration of US President Donald Trump has brought leadership changes to key agencies like the DEA and the Department of Justice.

Terry Cole, who Trump nominated to be DEA administrator on February 11, has a history of opposing cannabis legalization in the country. Similarly, Pam Bondi, Trump’s pick to lead the justice department, staunchly opposed a movement to legalize medical cannabis during her tenure as Florida’s attorney general.

While there have been bipartisan efforts in Congress to end federal cannabis prohibition and establish regulations for eventual legalization, the DEA’s actions and statements indicate a potential stall or reversal of progress.

In addition to that, new research is adding complexity to the debate.

A study published in the American Journal of Psychiatry this past March highlights an association between the use of high-potency cannabis strains and increased risks of psychosis, a factor that may not have been fully considered by the Department of Health and Human Services. As stronger cannabis strains become more widely available, a reassessment of their potential health risks may be required.

Investor takeaway

While the cannabis industry holds promise for growth and innovation, investors must remain acutely aware of the regulatory uncertainties and market volatility that will undoubtedly shape its trajectory in the years to come.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Crypto news

Why is Ethereum (ETH) Price Crashing Today?

Crypto news 3 Mins Read

The Ethereum price recovery falls short as the sideways move dominates the altcoin. Despite the bullish attempts and whales’ involvement, the bearish trend remains active. Besides, the rest of the altcoins are in a similar state, struggling amid growing market uncertainty, but what’s fueling the ETH price’s downfall? Let’s discuss.

Ethereum Price Declines 1.5% Today

With the investors’ declining interest and other factors working against Ethereum, its price has crashed by 1.5% today. However, this is a second dip in the last 24 hours, currently trading at $1,803 with $10.52 billion in trading volume, up by 12%, showcasing high volatility.

The ETH price declined from $1,840 to $1,785 before making a complete recovery, but crashed again a few hours later, showcasing dominating bearish trends. The Coinglass data reports that the traders are being wiped out amid massive liquidation, where $37.45 million positions have been liquidated.

This happened as the long overleveraged position was wiped out amid the pullback. Moreover, the open interest is declining, suggesting a forceful closing of positions as traders bet on the upside, and the downward move ruins the trade.

There’s strong uncertainty in the market as Vitalik Buterin highlights Layer-2 security concerns, but the long-term outlook is bullish.

Ethereum Price Declines Down Critical Support, What’s Next?

Various crypto analysts’ Ethereum price predictions have put this altcoin on a make-or-break trajectory. As a result, the price is supposed to move higher or lower depending on the maintenance of critical support between $1,772 and $1,824.

However, the recent dip has caused the ETH price to fall to $1,803.72, failing to break out. As the token moves down the support, the possibility of a crash to $1,500 builds. However, the confirmation would happen if it moved down the $1,774 break line.

Ethereum at a Crossroads Crossroads: $1,500 Plunge or $2,100 Surge?

ETH price action has been wild lately. After a brief rally above $1,800, April ended in the red. This marks the *fourth* straight month of losses for ETH.

On-chain data suggests we’re at a…

— Traiders Technologies (@TonyTraider) May 5, 2025

However, crypto analyst Michael pointed out that Ethereum is outpacing Bitcoin in the ETH/BTC pair, signaling growing support. Moreover, other points at the breakout from the falling wedge pattern formation, before predicting recovery.

If ETH price ends up moving up amid the buyers’ activity, it could recover and move toward $2,000 or higher.

The post Why is Ethereum (ETH) Price Crashing Today? appeared first on CoinGape.

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ECB Kicks Off Digital Euro Testing with 70 Firms Across Europe

Crypto news 2 Mins Read

The European Central Bank has taken a practical step forward in its digital euro project. On Monday, the regional bank launched a testing platform involving around 70 companies from across Europe, including banks, startups, and payment providers.

The goal is to trial how the digital euro could work in day-to-day transactions and explore new services built around it. Participants are split into two groups called Pioneers and Visionaries.

Digital Euro Moves to Real World Simulations

The Pioneers are testing basic transaction functions, such as conditional payments that complete automatically when a set condition is met, for purposes like a package being delivered.

The ECB is providing a technical setup that mirrors what a future digital euro ecosystem might look like. This includes application programming interfaces and support materials. Companies are using these tools to simulate transactions, develop use cases, and test how well this digital currency integrates into their existing systems.

The ECB also expects each company to document its findings. This is in order that these will help the central bank evaluate both the performance and the practical use. It also gives companies a chance to offer feedback on what works and what needs improvement.

Digital Euro: Testing Larger Access

The Visionaries group is exploring how the digital euro could serve social goals. One example is giving people access to their digital wallets through post offices. This could make digital payments available to those without a bank account or smartphone.

Visionaries will present their work to the ECB in workshops running until May 2025. Both groups’ insights will be compiled into a final report later this year. The ECB says this joint effort shows strong interest from the private sector and will guide future decisions about launching a digital euro.

Meanwhile, the regulators are dealing with messier parts of the crypto world. After hackers used OKX’s Web3 platform to wash $100 million from a Bybit hack, EU officials are now checking if the exchange broke MiCA rules. This clearly shows why trust and control matter more than ever.

The post ECB Kicks Off Digital Euro Testing with 70 Firms Across Europe appeared first on CoinGape.

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Investing

WESTERN COPPER AND GOLD CONTINUES BOARD RENEWAL PROCESS

Investing 4 Mins Read

western copper and gold corporation (‘Western’ or the ‘Company’) (TSX: WRN) (NYSE American: WRN) is pleased to announce further progress on its board renewal process.

In connection with the upcoming Annual General Meeting (‘AGM’), Dr. Bill Williams will retire from his last remaining board position, and Tara Christie will not stand for re-election in order to focus on her existing executive priorities. Western is pleased to announce the nomination of Pamela O’Hara for election to the board of directors at the Company’s AGM on June 12, 2025 .

Ms. O’Hara brings over 30 years of experience advancing mining and transportation infrastructure projects, as well as a deep level of expertise in the Yukon . She has been heavily involved in permitting large projects including Ekati, Voisey’s Bay, Wolverine, Hope Bay , Canadian Pacific Railway, and the Port of Vancouver . A Registered Professional Biologist and Certified Sustainability (ESG) Practitioner, Ms. O’Hara is known for delivering innovative, community-focused projects and successfully navigating regulatory environments. Ms. O’Hara holds a B.Sc. in Biology and Oceanography from the University of British Columbia and an M.Sc. in Environment and Management from Royal Roads University.

‘On behalf of the Board, I would like to sincerely thank Bill for his many contributions to Western over the years and wish him all the best in his retirement,’ said Sandeep Singh , President and CEO. ‘We also thank Tara for her years of dedicated service and support to Western. Looking ahead, as we advance the Casino Project through environmental assessment and permitting, Pamela’s proven ability to navigate regulatory processes and deliver major projects will be a significant asset to the board of directors and the broader team.’

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

‘Sandeep Singh’

Sandeep Singh
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘plans’, ‘projects’, ‘intends’, ‘estimates’, ‘envisages’, ‘potential’, ‘possible’, ‘strategy’, ‘goals’, ‘opportunities’, ‘objectives’, or variations thereof or stating that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company’s performance; and other risks and uncertainties disclosed in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company’s views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-continues-board-renewal-process-302445376.html

SOURCE western copper and gold corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/05/c6437.html

News Provided by Canada Newswire via QuoteMedia

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Strategic Bitcoin Reserve Deadline Today: BTC Price To Hit New ATH Soon?

Crypto news 3 Mins Read

According to US President Donald Trump’s executive order on March 6, today marks the deadline for the US Treasury Secretary to deliver an assessment on a Strategic Bitcoin Reserve. As mandated by Trump, the valuation is expected to outline a comprehensive plan for establishing and managing a Strategic BTC Reserve, leveraging seized assets. This move could mark a significant development within the Bitcoin market, with the BTC price poised for a major rally.

As a landmark decision on monetary policy from the Federal Reserve draws near, the community is bracing for a historic financial strategy that could establish the US as the global ‘crypto capital.’ This article studies US Treasury Secretary Scott Bessent’s potential submission of the Bitcoin Reserve report and its implications for the crypto market.

Strategic Bitcoin Reserve Report: Key Considerations and Implications

Reportedly, US Treasury Secretary’s upcoming report on a Strategic BTC Reserve is expected to provide critical insights into its legal and investment aspects. The valuation will likely assess suitable accounts for asset custody and management, while also determining if any legislative adjustments are needed to facilitate the project’s success. The report will also determine the feasibility and implications of increasing the US government’s Bitcoin holdings on its financial strategies.

How Will the Report Impact the Global Economy?

Significantly, Scott Bessent’s Bitcoin reserve report could have far-reaching implications on the global crypto market, potentially reshaping the financial landscape. The US Treasury report is expected to have a global impact, prompting governments worldwide to reassess and potentially reshape their financial policies. This move could also spark a global competition among central banks to acquire and hold Bitcoin, potentially reshaping the digital asset landscape.

By setting a precedent for integrating cryptocurrencies into national financial strategies, the BTC reserve report’s outcome could establish a framework for other countries to follow. Ultimately, the report’s insights will inform future policy decisions on digital asset management and investment, guiding the US government’s approach to Bitcoin and other cryptocurrencies.

Moreover, the US government’s potential policy shift could have other implications, like halting auctions of seized Bitcoin. Instead, the country would boost its BTC accumulation through over-the-counter purchases or strategic mining partnerships. As abovementioned, all these could significantly influence the BTC price. Recently, Scott Bessent addressed Bitcoin as a “store of value,” following which the BTC price had a notable increase.

BTC Price to Surge Amid Crypto Reserve Anticipations

As of press time, Bitcoin is valued at $94,104, down by 1.38%. Despite a 1.22% dip over the past week, the crypto saw a 12.8% surge over the past month. Amid anticipations of the US Treasury Secretary’s Bitcoin reserve report, the market exhibits a positive sentiment, evidenced by the 40% surge in 24-hour trading volume.

As experts anticipate, Bitcoin is poised to surge past the significant $100k and reach a new all-time high of $120K and above following the US’ establishment of a BTC reserve. Expert Merlijn The Trader projected BTC price’s major rally to $120, citing historical trends and current positive sentiment. At the same time, analyst BitBull predicted Bitcoin’s target of $130 as it currently retests the breakout zone.

The post Strategic Bitcoin Reserve Deadline Today: BTC Price To Hit New ATH Soon? appeared first on CoinGape.

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Michael Saylor’s Strategy Acquires 1,895 Bitcoin For $180 Million

Crypto news 2 Mins Read

Michael Saylor’s Strategy, previously known as MicroStrategy, has made another Bitcoin purchase. This time, the firm has acquired 1,895 BTC for $180 million, bringing its total Bitcoin holdings to 555,450 BTC.

Michael Saylor’s Strategy Purchases 1,895 Bitcoin

In a press release, Strategy announced that it had acquired 1,895 BTC for $180.3 million at an average price of $95,167 per bitcoin. The company has also achieved a BTC yield of 14.0% year-to-date (YTD). Meanwhile, MicroStrategy now holds 555,450 BTC, which it acquired for $38.08 billion at an average price of $68,550 per Bitcoin.

This development comes days after the company announced plans to raise $84 billion for Bitcoin purchases. The firm is already the public company with the largest Bitcoin holdings, way ahead of the second-placed Mara Holdings.

Strategy has also been on a hot streak, having acquired Bitcoin almost every week since the year began. Last week, Michael Saylor’s company acquired 15,355 Bitcoin for $1.42 billion, one of its largest purchases this year.

Amid this recent purchase, MicroStrategy’s stock price is in the red. Nasdaq data shows that the stock is currently down almost 3% in pre-market trading, trading at around $383.

However, it is worth mentioning that the MSTR stock price is up just over 36% year-to-date. It also remains the best-performing asset among all major assets since Saylor and his company adopted the Bitcoin Strategy back in 2020.

The post Michael Saylor’s Strategy Acquires 1,895 Bitcoin For $180 Million appeared first on CoinGape.

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3 Reasons Dogecoin Price Could Reach $0.40 in May 2025

Crypto news 3 Mins Read

Dogecoin (DOGE) price has been underperforming due to capital rotation to new meme coins, but a trend reversal is now looming. Technical analysis, on-chain data, and macro factors suggest that it might make a parabolic 135% surge to $0.40 before May ends.

DOGE value today remains flat with a modest 0.05% gain to trade at $0.174 with an intraday low of $0.169. The meme coin’s volatility has also been notably low over the past week, as traders adopt a “sit-and-wait” approach after Bitcoin’s rally to $96,000 sparked speculation about the return of a bull market.

DOGE/USDT: 4-Hour Chart

Despite the choppy moves, three factors have aligned and tease towards a price rally for Dogecoin to as high as $0.40, with this upswing expected to occur in the coming weeks.

Dogecoin Price Closes a Monthly FVG Gap

Dogecoin price is showing signs of strength, according to a recent X post by analyst Polaris.xbt on X who noted that it had closed a monthly FVG gap, and it was now trading within a stable consolidation range that could spark an upward breakout.

In his analysis, he stated that the Dogecoin price forecast is positive, and if it can defend support at the bottom range of this consolidation zone, it faces the next major hurdle at $0.22. If it breaks out from this resistance level, it may enter a sustained uptrend past $0.40, which will mimic the DOGE ETF approval rally.

Dogecoin Price Chart

Conversely, if DOGE fails to make a clean breakout from the current consolidation zone and slips, it faces critical support at $0.10, at which point it will have wiped out the entire Q4 rally triggered by President Trump’s election.

On-Chain Data Signals DOGE Price Bottom

Besides technical analysis, data from Santiment, specifically the Market Value to Realized Value (MVRV) ratio, suggests that the price of Dogecoin may have hit a local bottom, a factor that often precedes an upward recovery.

DOGE 365D MVRV Ratio

At press time, the 365-day MVRV had plunged to -37%, indicating that most holders are underwater, which suggests that the top meme coin is undervalued and may make a strong upward trend. Doing so will mirror past patterns, like in the second half of 2024, whereby DOGE went on a parabolic rally after the MVRV signalled a bottom.

DOGE ETF Approval Odds Hit 64%

The high approval odds for a spot Dogecoin ETF might also catalyze the next bullish break for price, as Polymarket reveals that the approval odds now stand at 64%. Meanwhile, Bloomberg analysts stated that there is an 80% chance of a DOGE ETF approval for the three issuers that have filed for the product.

Polymarket

As optimism towards the approval of this product increases, Dogecoin is likely to make an upward breakout in May 2025. Moreover, as Coingape recently reported, DOGE will rally significantly if it captures 30% to 50% of spot Bitcoin ETF inflows.

Summary

Dogecoin price is on the verge of a major rally as three signals suggest that the meme coin may reach $0.40 in May 2025. The closure of a monthly FVG gap, the 365-day MVRV ratio, and the increased odds of a spot DOGE ETF approval hint that it may have hit a local bottom and now eyes gains.

The post 3 Reasons Dogecoin Price Could Reach $0.40 in May 2025 appeared first on CoinGape.

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Business

Temu halts shipping direct from China as de minimis tariff loophole is cut off

Business 3 Mins Read

Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday.

In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, which previously blanketed the site, are now labeled as out of stock.

Temu made a name for itself in the U.S. as a destination for ultra-discounted items shipped direct from China, such as $5 sneakers and $1.50 garlic presses. It’s been able to keep prices low because of the so-called de minimis rule, which has allowed items worth $800 or less to enter the country duty-free since 2016.

The loophole expired Friday at 12:01 a.m. EDT as a result of an executive order signed by President Donald Trump in April. Trump briefly suspended the de minimis rule in February before reinstating the provision days later as customs officials struggled to process and collect tariffs on a mountain of low-value packages.

The end of de minimis, as well as Trump’s new 145% tariffs on China, has forced Temu to raise prices, suspend its aggressive online advertising push and now alter the selection of goods available to American shoppers to circumvent higher levies.

A Temu spokesperson confirmed to CNBC that all sales in the U.S. are now handled by local sellers and said they are fulfilled “from within the country.” Temu said pricing for U.S. shoppers “remains unchanged.”

“Temu has been actively recruiting U.S. sellers to join the platform,” the spokesperson said. “The move is designed to help local merchants reach more customers and grow their businesses.”

Before the change, shoppers who attempted to purchase Temu products shipped from China were confronted with “import charges” of between 130% and 150%. The fees often cost more than the individual item and more than doubled the price of many orders.

Temu advertises that local products have “no import charges” and “no extra charges upon delivery.”

The company, which is owned by Chinese e-commerce giant PDD Holdings, has gradually built up its inventory in the U.S. over the past year in anticipation of escalating trade tensions and the removal of de minimis.

Shein, which has also benefited from the loophole, moved to raise prices last week. The fast-fashion retailer added a banner at checkout that says, “Tariffs are included in the price you pay. You’ll never have to pay extra at delivery.”

Many third-party sellers on Amazon rely on Chinese manufacturers to source or assemble their products. The company’s Temu competitor, called Amazon Haul, has relied on de minimis to ship products priced at $20 or less directly from China to the U.S.

Amazon said Tuesday following a dustup with the White House that had it considered showing tariff-related costs on Haul products ahead of the de minimis cutoff but that it has since scrapped those plans.

Prior to Trump’s second term in office, the Biden administration had also looked to curtail the provision. Critics of the de minimis provision argue that it harms American businesses and that it facilitates shipments of fentanyl and other illicit substances because, they say, the packages are less likely to be inspected by customs agents.

This post appeared first on NBC NEWS

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Editor’s Picks: Gold Pulls Back, Experts Not Worried; Eyes on Fed Next Week

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Gold trended down this week, dropping to just over US$3,200 per ounce on the first day of May.

While the yellow metal remains historically high after a strong run this year, its price has pulled back from last week’s record-setting level of US$3,500, causing concern for some market participants.

However, many experts agree that this week’s retreat isn’t a reason to worry.

His technical analysis shows that the US$3,100 to US$3,140 area will be important to watch moving forward — in his view, that’s when bullish players should start re-entering the space, boosting the price.

Soloway also outlined gold’s future price potential, saying he sees a potential path to US$7,000. Check out the full interview for more of his thoughts on gold, as well as silver and the US economy.

Bullet briefing — Fed to meet next week, US-Ukraine deal signed

Market watchers eye Fed meeting

Eyes are shifting to the US Federal Reserve’s next meeting, set to run from May 6 to 7. It follows initial numbers showing that real GDP contracted by an annual rate of 0.3 percent in Q1.

That’s the first negative reading since 2022, and as the news weighed on the stock market, US President Donald Trump took to social media to suggest the data is an ‘overhang’ from Joe Biden’s term.

Trump has pressured Fed Chair Jerome Powell to cut interest rates sooner than later, but CME Group’s FedWatch tool shows the vast majority of market participants expect rates to stay flat.

Trump advisor Elon Musk also has his eye on the Fed. Speaking to reporters on Wednesday (April 30), he said the US$2.5 billion renovation of the central bank’s headquarters could become a point of inquiry for the Department of Government Efficiency, better known as DOGE.

Calling the cost an ‘eyebrow raiser,’ Musk questioned where the money is being spent. The price of the project was initially set at US$1.9 billion in 2021, but has increased since then.

‘Since at the end of the day, this is all taxpayer money, I think we certainly — we should definitely — look to see if indeed the Federal Reserve is spending $2.5 billion on their interior designer’ — Musk

US, Ukraine sign critical minerals deal

The US and Ukraine signed a much-anticipated minerals deal on Wednesday, ending months of often-tense negotiations between the two countries. If approved by parliament in Ukraine, the agreement will set up a reconstruction investment fund that will be split 50/50 between each party.

According to Ukrainian officials, the deal is more equitable than previous versions.

The fund will be financed only by new licenses for critical materials, oil and gas; aside from that, Ukraine will not have to pay back wartime aid provided by the US.

While Ukraine had pushed for security guarantees from the US, that component ultimately wasn’t put in place. However, the US may provide new assistance to Ukraine, such as air defense systems.

A total of 55 minerals are reportedly covered in the arrangement, but more can be added in the future if there is consensus between the US and Ukraine. Although the US will get preferential rights to mineral extraction, Ukraine will have the final say on what is mined and where, and will retain subsoil ownership.

The agreement comes on the back of an increasing global focus on critical minerals, many of which are key for new technology and important industries like defense.

It’s worth noting that while Ukraine is home to a wide variety of these commodities, more geological data will be needed to determine commercial viability — for example, there is no up-to-date information on the country’s reserves of rare earths, which are important to the US.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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