CRYPTO ROVERS

Former CEO Changpeng Zhao (CZ), who still has a lot of influence in the cryptocurrency world, made a symbolic purchase of two altcoins, according to onchain data.
According to Lookonchain data, CZ purchased one BNB each of two memecoins, Mubarak and Test (TST), via a decentralized exchange (DEX).
CZ has been posting a lot of posts recently promoting the development of memecoins on the Binance Smart Chain (BSC) network, and the recent purchases are likely made with this in mind. The memecoin called Mubarak was recently launched and has climbed to a significant level of $66 million in market value. The token’s price has increased by 69% in the last 24 hours.
The Binance founder has recently become particularly interested in decentralized cryptocurrency exchanges. CZ, who admits that his knowledge on the subject is low, makes his purchases through the Four platform on the BSC network.
With these purchases, many users are sending their own tokens and especially memecoins to CZ's emerging cryptocurrency wallet addresses for free. The Binance founder announced that he would burn or donate these tokens.

Hedera’s traction in the real-world assets market is set for a major boost, thanks to $100 million worth of real-world assets coming on-chain via institutional real estate platform StegX.

The Hedera Foundation, which supports the development of the Hedera (HBAR) blockchain network, revealed the huge news on May 29, 2025, noting in a blog post that its partnership with StegX will see the real estate platform deploy more than $100 million in real estate tokens on Hedera.

The partnership also involves Zoniqx, a Silicon Valley-based firm focused on bridging real-world assets to the decentralized finance ecosystem via compliant and interoperable blockchain infrastructure. Zoniqx’s Dynamic Compliant Interoperable Security Token, or DyCIST, is the standard for ERC-7518 aimed at institutional tokenization.

Zoniqx’s standard allows for the embedding of jurisdiction-aware compliance at the token layer, as well as the automation of know-your-customer and anti-money-laundering enforcement. KYC and AML are key compliance requirements that have slowed institutional entry into the tokenized real-world asset market.

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StegX’s deployment of the tokens will leverage the security token standard ERC-7518, with this allowing the platform to tokenize regulated assets. Hedera Foundation said the platform’s move is one that “shifts tokenization from theory to execution.”

“By integrating the ERC-7518 token standard on the Hedera network, the StegX marketplace is not only pioneering a new era of asset tokenization but also ensuring that every transaction is executed according to the regulations of the issuers,” said Daniel Radwansky, chief executive officer and co-founder of StegX. “Our partnership with Zoniqx fortifies this vision, providing a fully digital and compliant pathway for institutional investors to access premium tokenized real-world assets,” Radwansky added.

The Hedera Foundation’s collaboration with StegX and Zoniqx comes just a day after Verra, a global carbon standard leader with over 1 billion carbon credits issued, integrated with Hedera. Verra accounts for over 60% of the global carbon credits market.

The HBAR Foundation also recently partnered with asset tokenization platform Tokeny as it looks to bring compliant real-world asset tokenization to the Hedera network. In February, the HBAR Foundation invested in Fidelity International’s money market fund, with the shares tokenized by Archax.

Read more: Dubai real estate tokenization eyes $16B target — what is tokenization actually solving?

After a parabolic rally into early June, Mask Network price today is under heavy pressure following a sharp intraday rejection from the $3.70 region. The token has dropped over 30% from the recent high, erasing nearly all of June’s initial gains. Despite the volatility, the price is now testing a critical support level that could determine whether bulls still hold control in the medium term.

What’s Happening With Mask Network’s Price?

Mask price forecast (Source: TradingView)

The weekly candle chart highlights a dramatic reversal after Mask Network price surged from the April lows near $0.92 to highs of $3.69. This move briefly tagged the 61.8% Fibonacci retracement near $3.28, but failed to hold above it. The price is now retreating toward the 0.236 Fib zone at $1.82, which currently acts as a key psychological support. Sustaining this level could stabilize sentiment after the panic sell-off.

Mask price forecast (Source: TradingView)

On the daily timeframe, the price has decisively broken below the rising wedge support structure and is hovering just above $1.85. A close below $1.82 may open the door for a full retracement toward the $1.60–$1.28 demand zone, which aligns with prior consolidation levels seen throughout April and early May.

Mask Network Price Action Shows Breakdown After Blow-Off Top

Mask price forecast (Source: TradingView)

Looking at the 4-hour chart, Mask Network price action formed a clear ascending triangle in late May, followed by a textbook breakout. However, the spike toward $3.69 was met with immediate rejection, forming a bearish engulfing candle across multiple timeframes.

The sudden breakdown carved through prior support at $2.70 and triggered a cascade of stop losses. Price is now consolidating in a tightening triangle just above $1.84, with downward momentum slowing. However, the lower highs signal caution. If this current structure breaks down again, the $1.60–$1.28 support band could be tested swiftly.

Why is The Mask Network Price Going Down Today?

Mask price forecast (Source: TradingView)

The answer to Why Mask Network price going down today lies in multiple converging factors. Firstly, the RSI on the 30-minute and 4-hour charts shows a bearish divergence at the top, followed by a breakdown into oversold territory (sub-35 levels), which signaled an exhaustion of bullish momentum.

Additionally, the MACD printed a bearish crossover around the same time the breakdown occurred. Histogram bars shifted sharply into the negative, reinforcing the trend reversal. This momentum structure points to a broader correction phase rather than a simple pullback.



Mask price forecast (Source: TradingView)

Moreover, the Ichimoku Cloud on the 30-minute chart now shows a deep bearish twist, with price action sitting well below the Kumo cloud. The conversion line and baseline are both trending downward, further confirming short-term bearish sentiment. The Stoch RSI remains under 20, suggesting momentum remains weak despite the bounce attempt.

Volatility Spikes and Short-Term Forecast



Mask price forecast (Source: TradingView)

Following the liquidation cascade, Mask Network price volatility has surged to its highest levels in weeks. Bollinger Bands on the 4-hour chart have expanded dramatically, and price now trades beneath all key EMAs (20/50/100/200), suggesting that any rebound faces major resistance ahead. The upper band at $3.73 marked the top, while the lower band near $1.65 could be retested.

Volume during the decline was significantly higher than on the rally, suggesting distribution rather than accumulation. Still, if bulls defend the $1.82 region and reclaim $2.12 on a 4H close, it could signal the start of a short-term recovery.

June 2025 Price Outlook for MASK



Mask price forecast (Source: TradingView)

Given current chart dynamics, the price remains vulnerable unless it can reclaim lost trendlines. As of June 7, Mask Network price today is holding at $1.84, but momentum indicators suggest caution. Here is the summarized short-term outlook:

IndicatorReadingRSI (4H/30m)34.7 / 36.0 (bearish)MACD (30m)Bearish crossoverIchimoku (30m)Price below cloudEMAs (4H)All above priceKey Support$1.82 / $1.60 / $1.28Resistance Levels$2.12 / $2.50 / $3.28Fib Retracement Targets0.236 = $1.82, 0.382 = $2.38

Until $2.12 is reclaimed on strong volume, the broader outlook remains cautious. If support fails at $1.82, bears may target the $1.60–$1.28 region, where demand previously absorbed selling pressure. A successful reclaim of $2.12 could revive a push toward the 38.2% Fib at $2.38.

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