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Bitcoin News
Newsbtc
1h
113
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Worries Over Bitcoin Treasuries Grow — Can Solaxy 100x as First-Ever Solana Layer-2?
- Corporate treasuries are evolving with traditional finance and crypto merging, offering new strategies.
- Two prominent approaches are emerging: Bitcoin treasury strategy and the newer Solana-native treasury model.
- MicroStrategy exemplifies the Bitcoin treasury movement, holding over $62B in BTC mostly acquired through debt.
- Concerns are raised over debt-fueled $BTC purchases potentially leading to future volatility if companies sell to cover debts.
- Solana presents an alternative approach: building an on-chain, yield-generating treasury within its ecosystem.
- Canadian DeFi Development Corp opts for a sustainable $SOL treasury, focusing on growing $SOL per share.
- Success of DeFi Development Corp's strategy shows in a 4,408% increase in $DFDV stock this year.
- Solana's unique treasury approach may lead to a new class of organic and resilient crypto treasuries.
- Solaxy ($SOLX), a new Solana Layer-2 project, aims to leverage Solana's capabilities for treasury building and DeFi growth.
- Solaxy's launch includes a Testnet, Block Explorer, Bridge, and upcoming Solaxy Igniter meme coin launchpad.
- The $SOLX token is currently available for purchase at $0.001766, with a price prediction suggesting potential 1300% returns by year-end.
- Solana-native treasury models like Solaxy could shape the future of crypto treasuries, offering unique advantages over Bitcoin-focused strategies.
- Investors are advised to conduct thorough research before making investment decisions.
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Coindoo
2h
167
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Retail Sentiment for Bitcoin Hits Most Bearish Level Since April, Typically a Bullish Signal
- Retail sentiment for Bitcoin has reached its most bearish level since April, with just 1.03 bullish comments for every 1 bearish comment on social platforms.
- This ratio indicates high levels of impatience and pessimism among traders, reminiscent of the period preceding a strong price recovery in April.
- Historically, such extreme bearish sentiments have often preceded upward momentum in Bitcoin's price.
- Current social sentiment divergence, with low positive and negative commentary while Bitcoin was trading at $105,000, suggests a contrarian bullish indicator.
- If historical patterns repeat, the current retail capitulation could set the stage for Bitcoin's next upward movement.
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Newsbtc
2h
137
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Bitcoin Channel Break Below $105,000 Sparks Panic, Analysts Predict Further Crashes
- Bitcoin price is currently experiencing a crash influenced by the Middle East conflict and negative sentiment in the crypto market.
- Analysts are forecasting further downturns for Bitcoin after it failed to surpass $111,000 and broke below $105,000.
- TehThomas, a crypto analyst, predicted the crash and believes Bitcoin needs to fill Fair Value Gaps (FVG) before potential upward movement.
- Bitcoin exhibited signs of exhaustion leading to the crash, as observed by the failure to surpass $108,500.
- The price fell below a significant channel at $105,000, indicating a bearish trend and possible further decline.
- Key support levels now include $102,800 after the price previously broke below $104,600.
- Xanrox, another analyst, anticipates a break of a bull flag pattern, potentially driving Bitcoin price down to $100,000 or even $88,000.
- Doctor Profit also expects a drop below $100,000, suggesting a decline to the $94,000-$95,000 range before a bounce.
- The crypto market remains pessimistic about Bitcoin's future outlook amidst geopolitical uncertainties and internal market dynamics.
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Newsbtc
2h
222
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Analyst Warns: Strategy On Track For Historic Collapse, Bigger Than FTX
- On-chain analyst OxChain raised concerns about a potential catastrophic collapse involving Strategy, a Bitcoin proxy firm co-founded by Michael Saylor, surpassing the FTX collapse.
- OxChain suggested that Strategy's aggressive Bitcoin accumulation tactics resemble a Ponzi scheme.
- Since 2020, Strategy has become a major player in the Bitcoin market, holding around 582,000 BTC valued at nearly $61 billion.
- The analyst highlighted that Strategy's approach involves a cycle of raising capital, purchasing Bitcoin, and driving stock prices up through announcements.
- OxChain believes Strategy's risk exposure is increasing, especially with a new $1 billion share sale.
- The analyst warned about major liquidation risks for Strategy if Bitcoin's price falls significantly below their average cost per Bitcoin of $70,000.
- Strategy disclosed $5.9 billion in unrealized Bitcoin losses in Q1 2025, under new accounting standards, leading to legal repercussions.
- Shareholders filed a lawsuit alleging that Strategy concealed risks associated with Bitcoin volatility while raising capital aggressively.
- OxChain mentioned that Strategy's role as a Bitcoin access point is diminishing as institutional capital flows into more regulated options like IBIT from BlackRock.
- Strategy's potential collapse could have far-reaching implications as the firm holds a significant portion of Bitcoin's total supply, with liquidation risks looming.
- A decline of Bitcoin's price by 22% from Strategy's average buy price could trigger massive corporate liquidations.
- OxChain depicted Strategy as a risk vector heavily reliant on leverage and market sentiment, not fitting into clear hero or villain roles in the crypto ecosystem.
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Coindoo
3h
87
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Bitcoin Retail Sentiment Hits Most Bearish Level Since April
- Bitcoin retail sentiment has reached its most bearish level since early April, according to data from Santiment.
- As of June 19, the ratio of bullish to bearish social media commentary is at 1.03 bullish comments for every 1 bearish.
- This sentiment level is the lowest since April 6, a time of high fear and doubt in the market.
- Past trends suggest that such pessimistic sentiment often precedes upward price movement.
- Traders' impatience and bearish sentiment may indicate a bullish sign in the current crypto market lull.
- Historical data shows that dips in the sentiment ratio have typically been followed by price recoveries.
- Bitcoin is consolidating near $105K, while negative retail sentiment could be close to exhaustion, potentially paving the way for a price rebound.
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5 Likes
Bitcoinist
4h
326
Image Credit: Bitcoinist
US Lawmakers Working On Senate’s Version Of Crypto Market Structure Bill
- US lawmakers are evaluating introducing a digital assets market structure bill in the Senate, adding complexity to the uncertain digital assets legislation in the US.
- The US Senate Banking Committee will hold a subcommittee hearing next week on potential crypto market reform.
- The hearing, titled 'Exploring Bipartisan Legislative Frameworks for Digital Asset Market Structure,' will be led by Senator Cynthia Lummis.
- Lawmakers are working on principles for the Senate's version of a crypto market structure bill.
- Republican Senator Tim Scott mentioned plans for a full committee hearing soon, likely following the release of a discussion draft.
- The Senate's version will add complexity as two separate legislative texts will move through different Congressional committees.
- The House of Representatives' version of the crypto market structure legislation faces uncertainty, potentially delaying President Trump's goal of passing it before August recess.
- The Senate passed the GENIUS Act concerning stablecoins, now heading to the House, with expected challenges in Congress.
- The GENIUS Act aims to regulate stablecoins under Federal Reserve Rules for a safe and growth-oriented framework.
- House leaders may seek to combine the stablecoin framework with the CLARITY Act for improved chances of Congressional approval.
- Lawmakers prioritize advancing both bills, suggesting passing one bill may not necessarily build momentum for the other.
- Despite challenges, there is optimism about both crypto bills passing in the coming months.
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19 Likes
Livebitcoinnews
4h
153
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Could This Be the Year of Bank-Issued Stablecoins? Watch It Unfold at MERGE Madrid
- MERGE Madrid 2025, from October 7-9, will focus on institutional adoption, regulatory impact, and retail use in the crypto industry.
- The event gathers financial institutions, fintechs, startups, and major corporations embracing Web3 for innovation.
- Discussion about stablecoin projects by Spanish banks expected at the event.
- MERGE Madrid will feature private roundtables, a main conference, a Tech Summit, and a weekend Hackathon.
- The event aims to bridge Latin America and Europe in Web3 innovation, attracting top experts and C-level leaders.
- Over 200 speakers from traditional financial institutions, Web3 projects, major corporations, and fintech will share insights.
- Partners for MERGE Madrid 2025 include BingX, Ripple, Chainlink, and more.
- The event will also incorporate cultural activities like concerts, art exhibitions, and gastronomic experiences.
- Merge Madrid aims to connect different realities through the fusion of viewpoints, experts, and sectors.
- The event offers a platform for networking, tech discussions, and cultural experiences between Latin America and Europe.
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Bitcoinist
5h
333
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Asia’s 1st Public Crypto Firm, MemeStrategy, Scores Historic SOL Win
- MemeStrategy, a Hong Kong Stock Exchange-listed firm, purchased 2,440 units of Solana (SOL) for about HKD 2.9 million.
- The average cost per SOL token was HKD 1,191, with the purchase facilitated by OSL Group.
- MemeStrategy plans to leverage Solana's developer base and institutional users to establish a presence in Web3 infrastructure.
- The firm aims to bridge AI, blockchain, and culture by engaging with Solana and exploring new ways to connect apps with real-world finance.
- MemeStrategy intends to run validator nodes on Solana's proof-of-stake network for consistent rewards through staking.
- The company sees staking as a way to generate steady income streams while contributing to securing the blockchain.
- Following the Solana purchase announcement, MemeStrategy's stock price surged by 28% to HKD 2.57 on Monday.
- Investors view the move positively, seeing it as a signal of MemeStrategy's active participation in the crypto space.
- Other firms like DeFi Development Corporation, Upexi Inc., Sol Strategies, and Classover have also added SOL to their treasuries.
- MemeStrategy's initiative marks the first such move by a Hong Kong-listed company in the crypto sector.
- The company's decision to invest in SOL could influence more public firms in Hong Kong to consider similar moves as regulations evolve.
- Monitoring the performance of MemeStrategy's SOL stake may serve as a benchmark for other companies eyeing proof-of-stake tokens.
- This development indicates the growing interest from public companies in integrating crypto assets into their treasuries.
- The market responded positively to MemeStrategy's strategic investment in SOL, highlighting the enthusiasm for prominent entities supporting smart-contract platforms.
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Coin Telegraph
2h
202
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Is crypto still taxed in Australia? Major legal update explained
- Australia taxes crypto as property, with CGT on disposal and income tax on mining, staking, or payments.
- A recent court ruling challenges this, suggesting Bitcoin as 'Australian currency,' potentially exempting it from CGT.
- The ATO's policy is unchanged, but the outcome could impact future crypto taxation in Australia.
- Australia is a prominent player in crypto adoption, with 31% of citizens owning digital assets and 1,800 crypto ATMs nationwide.
- Institutions like BlackRock and major banks are also integrating digital assets, with the ASX listing its first Bitcoin ETF.
- Australia hosts various crypto exchanges like Swyftx, CoinSpot, and international platforms including Coinbase Australia and WhiteBIT.
- Regulators like AUSTRAC focus on AML measures due to the rapid growth of crypto ATMs in Australia.
- Cryptocurrencies are treated as property, triggering CGT on disposal and taxed as income if received through mining or services.
- The ATO mandates reporting all crypto transactions in tax returns and intensifies data-matching to enhance compliance.
- A recent court ruling challenges Bitcoin's classification as property, potentially leading to tax exemptions if upheld.
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Hackernoon
2h
26
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Tesla Motors Could Run on Defunct Bitcoin Mining
- The article discusses a futuristic idea where Teslas could potentially be powered by defunct Bitcoin mining facilities, leading to abundant free energy and making electric vehicles as affordable and enjoyable as gas-powered cars.
- Currently, Tesla Motors is not associated with Bitcoin, and Elon Musk faced challenges with EV subsidies being cut and criticism from various quarters.
- There are suggestions that if Tesla had integrated Bitcoin earlier, it could have accelerated charging grid development and financial sustainability.
- The article speculates on the decline of Bitcoin mining as a profitable business in the future and the potential for Tesla to enter the mining industry.
- It proposes that Tesla could benefit by utilizing free energy from Bitcoin mining for its operations and potentially become a dominant force in the industry.
- The narrative extends to envisioning Teslas being connected to Bitcoin keys in the future and the idea of building power grids sustained by temporary Bitcoin mining activities.
- The article contemplates a strategic shift for Tesla towards leveraging Bitcoin mining resources for its energy needs and charging infrastructure.
- It explores the concept of Tesla potentially venturing into Bitcoin mining and transforming excess energy into profitable ventures like charging stations.
- The author discusses how integrating Bitcoin mining operations with Tesla's energy production could create a sustainable business model for the company.
- The article concludes with speculation on the potential of Tesla incorporating Bitcoin nodes and suggests a futuristic synergy between the two technologies.
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1 Like
Livebitcoinnews
3h
259
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What’s the Best Crypto to Buy This Week? Experts Highlight 6 Surprising Picks
- The article highlights six surprising picks for the best cryptocurrencies to buy this week, focusing on projects with real utility rather than hype.
- Projects such as Theta Network, Helium, VeChain, XRP, and Polkadot are discussed, with Qubetics ($TICS) gaining attention for its focus on solving the interoperability issue in the blockchain space.
- Qubetics offers cross-chain compatibility, drawing interest from developers and institutions, positioning itself as an infrastructure-focused token.
- The final phase of Qubetics' crypto presale is almost sold out, with significant demand and projected price increases upon listing.
- Various projections on potential returns for investing in Qubetics are provided based on different price levels.
- The article also discusses Theta Network's decentralized video distribution, Helium's enterprise-grade IoT coverage, VeChain's real-world enterprise use, XRP's regulatory progress, and Polkadot's scalability improvements.
- Each project is highlighted for specific strengths and advancements in their respective areas within the cryptocurrency market.
- Qubetics is singled out as the top pick due to its focus on interoperability, active presale, and potential for significant returns.
- The article provides relevant links for more information on Qubetics and states that this is a paid post, not to be considered as news or advice.
- Overall, the article offers insights into promising cryptocurrencies to consider for investment this week, with Qubetics standing out as a standout choice.
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15 Likes
Cryptoticker
4h
60
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Bitcoin Price USD Outlook: Will $100K Hold or Is a Deeper Breakdown Coming?
- Bitcoin is currently trading around $104,781, testing its 200 EMA on the 4-hour chart at $104,861.
- BTC is in a descending triangle pattern, with lower highs as resistance and a support zone near $103,343.
- The RSI is around 45, indicating neutral momentum with no bullish divergence and weak price action near the triangle's lower edge.
- A failure to hold above $103,343 could lead to a quick drop towards $100,000, a key psychological support with potential for further correction to $97,000–$95,000.
- Alternatively, a bounce from the 200 EMA or a breakout above $107,000–$109,000 could negate the bearish scenario, targeting retests of $110,000 and new highs above $112,000.
- For traders, a short setup involves entering on a breakdown below $103,300 with targets at $100,000 and $97,000 and a stop-loss at $105,800.
- On the other hand, a long setup entails entering on a confirmed breakout above $107,000 with targets at $109,000 and $112,000 and a stop-loss at $104,000.
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Newsbtc
4h
51
Solana Plunges 13%: Can Key On-Chain Support Stop The Fall?
- Solana has decreased by 13% in the past week, reaching a significant on-chain support cluster.
- Glassnode's analysis indicates strong support for Solana between $145 and $147 based on the Cost Basis Distribution metric.
- The data reveals key price zones with substantial token supply, such as $155 to $157 and $164 to $166.
- At the $145 to $147 zone, investors last purchased a total of 13 million SOL, suggesting a critical support level.
- Investors tend to react when retesting their cost basis, with potential buying if retesting from above and panic selling if from below.
- The current retest of the $145 to $147 range from above could lead to buyers supporting Solana's price.
- A potential turnaround could focus on the $155 to $157 resistance range according to Glassnode's analysis.
- Glassnode also highlighted Tron (TRX) finding support at $0.26–$0.27 with over 14 billion TRX held in that range.
- Solana's current price hovers around $145 at the lower end of the support range.
- On-chain support at $145 to $147 could be crucial in preventing further decline for Solana.
- Investors typically react to price retests based on their cost basis, influencing market movements.
- Buyers from the $145 to $147 zone may provide support to Solana during this retest.
- Panic selling could occur if Solana fails to hold the $145 to $147 support zone.
- The $155 to $157 resistance range may be a key area to watch for potential price movement in Solana.
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Coin Telegraph
5h
27
Image Credit: Coin Telegraph
Binance’s CZ suggests ‘will function’ to distribute crypto in case of death
- Binance's founder CZ suggests implementing a 'will function' on crypto platforms for users to distribute assets after death.
- This suggestion came as Binance introduced an emergency contact and inheritance feature in its recent update.
- The feature notifies an emergency contact if there's prolonged account inactivity and enables them to claim assets on behalf of the deceased.
- The crypto community sees the need for such features, with users praising Binance's initiative but expressing concerns over its limitations.
- Users emphasize the importance of enabling inheritance planning for digital assets like crypto, articles, and social influence in the Web3 era.
- Experts stress the necessity of integrating crypto assets into formal estate planning to prevent asset loss upon the investor's death.
- A lawyer mentioned that proper wills for crypto holdings should include detailed instructions for accessing digital assets.
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1 Like
Newsbtc
5h
55
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Ethereum Stalls at $2,500, But Is a $4,000 Breakout Closer Than You Think?
- Ethereum faces resistance at the $2,500 level after a brief rally above $2,800 last week, currently trading at $2,511.
- Analysts point to the 50-week exponential moving average (EMA) as a key resistance level, historically leading to significant price gains upon breakout.
- Breakouts above the 50-week EMA in previous cycles have resulted in price increases ranging from 25% to 135%, potentially targeting $4,000 for Ethereum.
- Ethereum's staking metrics show steady growth, with over 500,000 ETH staked in June, totaling over 35 million ETH, indicating investor conviction.
- Staking involves locking ETH to secure the network, reducing circulating supply on exchanges and encouraging long-term holding behavior.
- Accumulation wallets holding ETH with no selling history have reached an all-time high, holding 22.8 million ETH, further signaling long-term investment strategies.
- On-chain developments align with increased interest in Ethereum financial products, driven by institutional and retail engagement, as well as the approval of spot ETH ETFs by the SEC.
- SharpLink Gaming, a Nasdaq-listed company, revealed a $425M Ethereum reserve strategy in partnership with ConsenSys, showcasing continued interest in Ethereum-based initiatives.
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