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Cryptography News
Bitcoinmagazine
3w
384
ECD Automotive Design Secures $500M Facility to Acquire Bitcoin
- ECD Automotive Design, Inc. secures a $500 million equity facility to acquire Bitcoin as a primary reserve asset and fund corporate growth.
- The financing aims to build a Bitcoin treasury and expand the company's presence in the digital asset economy.
- ECD plans to target high-net-worth individuals in the digital asset space by merging luxury automotive customization with Bitcoin.
- They are offering a $21,000 upgrade credit to the first twenty-one customers purchasing custom vehicles with Bitcoin.
- The company is excited about diversifying its treasury strategy with Bitcoin and sees long-term potential in digital assets.
- ECD recently integrated with BitPay to accept Bitcoin and other cryptocurrency payments for their luxury builds.
- The $500 million facility allows ECD to issue and sell new shares for Bitcoin accumulation, company growth, and general purposes.
- This initiative highlights ECD's confidence in digital assets and commitment to creating value for shareholders and customers.
- ECD aims to bridge the gap between luxury vehicle customization and the growing world of digital assets.
- The company's focus remains on crafting exceptional, one-of-one vehicles while venturing into the crypto space.
- The CFO of ECD Automotive Design, Ben Piggott, expresses enthusiasm about the new financing option.
- The collaboration with BitPay enables customers to use crypto as a payment option for purchasing vehicles.
- ECD's strategy of integrating Bitcoin into its treasury aligns with a broader trend of companies adopting digital assets.
- The $500 million equity facility strengthens ECD's financial foundation and allows flexibility in Bitcoin accumulation.
- The move by ECD Automotive Design reflects a growing interest in combining traditional luxury markets with digital currencies.
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Coinjournal
3w
21
Image Credit: Coinjournal
BNB price prediction as hedge fund execs eye $100m for ‘Microstrategy’
- Former Coral Capital executives aim to raise $100 million to acquire BNB tokens through a Nasdaq-listed company.
- BNB's price could surge amid fresh institutional interest, mirroring the Bitcoin treasury trend with a potential spike to above $700.
- BNB is slightly up as former crypto hedge fund executives plan a $100 million fundraising initiative to invest in Binance's BNB token.
- The initiative emulates Michael Saylor's Bitcoin treasury strategy, indicating increasing institutional interest in BNB.
- The trio of executives from Coral Capital aims to rebrand the entity to Build & Build Corporation to accumulate BNB tokens, becoming the first public company with BNB as the primary treasury asset.
- Recent efforts of public firms diversifying into cryptocurrencies now include altcoins like Ethereum, Solana, and BNB.
- BNB, created by Binance in 2017, serves as a utility token for trading-fee discounts and transactions on the BNB Smart Chain.
- Despite regulatory issues, BNB's market resilience highlights its appeal to institutional investors.
- BNB's price has seen a downturn but remains bullish, with key technical indicators suggesting advantages for bears in the short term.
- BNB is currently trading above crucial support at $600, with a potential break above $650 targeting highs of $700 while support rests at $550.
- Analysts attribute BNB's strength to its utility in Binance's ecosystem and the exchange's recovery amid a crypto-friendly regulatory environment.
- Investors should consider macroeconomic factors and regulatory changes that could impact the broader crypto market.
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Coinjournal
3w
153
Image Credit: Coinjournal
XRP crashes 12.5% in TVL, ETF delay and war fears trigger selloff
- XRP Ledger TVL dropped 12.5% to US$54.2 million.
- XRP faces renewed downside pressure from geopolitical instability, regulatory uncertainty, and weakening network metrics.
- XRP rebounds slightly to $2.02 after testing major support near $2.
- Analysts suggest XRP might drop towards $1.47 with bearish technical formations in place.
- The US SEC delay on the Franklin Templeton spot XRP ETF hurt investor sentiment.
- XRP, affected by the ETF delay and broader crypto selloff, is trading just above $2.
- XRP Ledger's TVL decline signals reduced participation and weakening DeFi activity.
- XRP derivatives open interest fell by 36%, with negative funding rates indicating a bearish sentiment.
- XRP shows descending triangle pattern and a 'death cross' on technical charts, signaling potential downside.
- Support zones for XRP include $2.10–$2.09, $1.90–$1.77, and potentially $1.47 if breakdown occurs.
- Some market participants remain optimistic, with hopes for a successful defense of the $2 level leading to a potential path towards $3.
- XRP's outlook depends on technical factors and regulation, with $2 support level critical.
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Coindoo
3w
393
Image Credit: Coindoo
Crypto Scammer Allegedly Bilks Coinbase Users Out of $4M, Flaunts Riches & Gambles Away Fortune
- A crypto scammer, known as "PawsOnHips," is accused of defrauding Coinbase users of $4 million and flaunting his wealth on social media.
- The scammer allegedly led a call center crew that conducted social engineering attacks targeting crypto investors by impersonating Coinbase support staff.
- One attack in November 2024 resulted in the theft of $240,000 from an elderly victim, with the stolen funds traced to Roobet crypto casino and Monero addresses.
- Blockchain analysis linked the scammer's Roobet address to over 30 suspected thefts, indicating a broader criminal network.
- The scammer reportedly boasted about his money laundering activities on Discord and flaunted a lavish lifestyle with luxury purchases.
- ZachXBT's investigation sheds light on the dangers in the crypto space and emphasizes the role of sleuths in uncovering fraudulent activities.
- Vigilance against social engineering and robust security measures are crucial when dealing with cryptocurrency platforms.
- The alleged scam highlights ongoing security risks in the crypto industry and the need for user awareness and protection measures.
- The article was originally published on Coindoo.
- The investigation by ZachXBT reveals the scammer's elaborate tactics and extravagant lifestyle funded by fraudulent activities.
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Coindoo
3w
227
Image Credit: Coindoo
Anchorage Digital Supercharges Institutional DeFi Access with Uniswap API Integration
- Anchorage Digital integrates Uniswap API to provide institutional clients direct access to Uniswap DEX from its platform.
- Institutional users of Anchorage Digital's self-custody wallet, Porto, can now swap tokens and access DeFi liquidity without third-party reliance.
- The integration enables institutions to engage with DeFi at 'crypto-native speed' while maintaining high security levels.
- Nathan McCauley, CEO of Anchorage Digital, highlights the importance of this integration for institutions in DeFi.
- For institutional investors, asset managers, and professional entities, this integration simplifies workflows and enhances DeFi control.
- Porto's security features, such as air-gapped HSMs and customizable quorum approvals, ensure a trusted environment for DeFi engagement.
- By integrating Uniswap's Trading API, Anchorage Digital bridges traditional finance with the DeFi market, catering to institutional demand.
- This collaboration reflects the increasing institutional interest in DeFi solutions and promotes mainstream adoption of decentralized finance.
- Anchorage Digital's move aims to provide streamlined, secure, and direct pathways for institutions to access decentralized markets.
- The partnership between Anchorage Digital and Uniswap signifies a significant step towards merging traditional finance with the expanding DeFi landscape.
- The article was originally published on Coindoo, showcasing the evolving dynamics in the crypto and DeFi space.
- Anchorage Digital's integration with Uniswap API is focused on offering institutional clients efficient and secure access to DeFi services.
- The collaboration between these two entities underscores the institutional shift towards embracing DeFi opportunities.
- The direct integration of Uniswap's liquidity through Anchorage Digital's platform signifies a pivotal advancement in DeFi accessibility for institutional clients.
- The partnership aligns with the trend of institutional players seeking reliable and direct avenues to engage with decentralized finance.
- In conclusion, Anchorage Digital's partnership with Uniswap for API integration reflects a strategic move to cater to institutional demand for efficient and secure DeFi access.
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Bitcoinmagazine
3w
240
Anthony Pompliano Announces $1 Billion Merger in Record Bitcoin Treasury Company Fundraise
- Anthony Pompliano announced a $1 billion merger creating ProCap Financial with Columbus Circle Capital Corp. through a Special Purpose Acquisition Company (SPAC) transaction.
- The merger represents the largest initial fundraise for a public Bitcoin treasury company in history, raising $516.5 million in equity and $235 million in convertible notes.
- ProCap Financial plans to operate with up to $1 billion in Bitcoin on its balance sheet and generate revenue through Bitcoin-focused financial strategies for institutional clients.
- The company aims to acquire Bitcoin for its balance sheet and implement risk-mitigated solutions to generate revenue and profits from its Bitcoin holdings.
- Investors like Magnetar Capital, Woodline Partners LP, Anson Funds, and Blockchain.com will have immediate exposure to Bitcoin through the transaction.
- ProCap Financial will purchase Bitcoin within fifteen days of signing definitive agreements, with assets held in custody until closing.
- The deal is expected to close by the end of 2025 pending SEC approval and standard closing conditions, requiring approval from CCCM shareholders and regulatory review.
- Gary Quin, CEO of CCCM, expressed excitement about partnering with ProCap BTC and Anthony Pompliano due to Pompliano's expertise and influence in the Bitcoin ecosystem.
- Pompliano has long advocated for Bitcoin as a store of value, emphasizing that people save Bitcoin for appreciation over time while they spend stablecoins expecting them to be less valuable in the future.
- His institutional backing aligns with his previous market predictions, including his forecast of a Bitcoin bull run driven by institutional adoption and potential ETF approvals.
- Pompliano's vision for ProCap Financial reflects his belief in Bitcoin's growing role in the financial industry.
- The post was written by Jenna Montgomery and first appeared on Bitcoin Magazine.
- Anthony Pompliano's continuous promotion of Bitcoin underscores his confidence in Bitcoin's future growth and its significance in the financial market.
- The transaction structure includes immediate Bitcoin exposure for investors and plans for ProCap to acquire substantial Bitcoin holdings upon completion.
- The deal symbolizes a significant step in expanding Bitcoin-native financial services to cater to institutional clients and sophisticated investors.
- The merger highlights a trend towards Bitcoin adoption and investment strategies driven by notable figures like Anthony Pompliano.
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Cryptoticker
3w
380
Image Credit: Cryptoticker
Ethereum Just Hit Key Support – What Happens Next Will Shock You
- Ethereum, the second-largest cryptocurrency, is facing a critical moment as its price hovers around $2,260 after a decline from a peak of $3,800 in May 2025.
- Traders are uncertain about the future price movement of Ethereum as key support levels are being tested, with concerns about a potential further drop in price.
- The current downtrend in Ethereum's price is attributed to broader market weakness, ETF outflow fears, and Bitcoin's recent decline below $62,000.
- The chart analysis indicates bearish momentum with Ethereum currently testing the 0.618 Fibonacci level at $2,250, a historically strong support zone.
- The Relative Strength Index (RSI) is at 34.98, signaling oversold conditions, but a bullish reversal is not confirmed yet due to the absence of clear divergence.
- Potential near-term price targets for Ethereum include an immediate resistance at $2,300 and $2,480, while key support zones are at $2,200, $2,000, and $1,700.
- If selling pressure intensifies, Ethereum's price could drop further to $1,450–$1,500, representing a 22% decrease from the current level.
- A potential reversal in Ethereum's price would require a daily close above $2,300 and a positive RSI trend, signaling exhaustion of selling pressure.
- Traders are advised to monitor RSI recovery, volume changes, and Bitcoin's price movements, as these factors will influence Ethereum's short-term direction.
- The next few days are crucial for Ethereum's price trajectory, with a possible sharp decline if support at $2,200 is breached or a rebound towards $2,500 if it holds.
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Coinjournal
3w
402
Image Credit: Coinjournal
$APORK price prediction: could this new Solana meme coin reach $0.01 by launch?
- $APORK is a Solana-powered meme token combining meme culture with blockchain technology to create an ecosystem where users earn rewards through community participation and gaming.
- The token uses a 'conquer-to-earn' system, rewarding active community members with extra tokens through staking and social engagement.
- APORK is gaining attention for its earn-to-engage mechanics, on-chain gaming, and aggressive token burns.
- The article compares APORK to Dogecoin and Shiba Inu, highlighting APORK's unique ecosystem-building approach.
- APORK stands out by offering conquer-to-earn mechanics, a gaming arcade for instant-win games, staking for passive income, and multi-chain access across Solana, Ethereum, and BNB.
- SolidProof has audited APORK, providing a secure foundation for investors.
- With the presale raising funds rapidly and Solana's ecosystem adoption, APORK reaching $0.01 by launch is deemed plausible.
- $APORK differentiates itself by focusing on measurable adoption and a transparent roadmap, unlike DOGE and SHIB which rely more on reputation.
- The potential for $APORK to become the next big meme coin is highlighted, with the token aiming for viral domination and utility-backed growth.
- $APORK's launch may hold significant potential as the angry frog meme coin gains traction.
- For more information, visit the official APORK website at https://angrypepefork.com/.
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Coindoo
3w
192
Image Credit: Coindoo
What Could Be Next for Ethereum After Losing 13% in a Week?
- Ethereum (ETH) has experienced a 13% price correction over the past week, losing a key local range and testing critical support levels.
- Crypto analyst Daan Crypto Trades notes that Ethereum is bouncing between the $2.1K & $2.8K support/resistance levels, demonstrating familiar behavior.
- The recent downturn pushed ETH to a pivotal point, retesting the $2.1K level, considered a crucial support level.
- Ethereum is currently finding stability within the $2.1K & $2.8K range, with $2.1K acting as strong support and $2.8K as significant resistance.
- Market sentiment reflects traders buying near $2.1K and selling close to $2.8K, indicative of a common pattern.
- The immediate future trajectory of Ethereum heavily relies on the market's reaction to these levels — $2.1K as support and $2.8K as resistance.
- If the $2.1K support remains strong, Ethereum may consolidate within the current range, with a break below signaling further downside potential.
- On the other hand, surpassing $2.8K could suggest a shift towards more bullish momentum in the short-to-medium term.
- Investors are advised to monitor these key levels closely for insights into Ethereum's next significant price movement.
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Bitcoinmagazine
3w
170
Norway’s Green Minerals Announces Adoption Of Bitcoin Treasury Strategy
- Norwegian mineral miner, Green Minerals AS, announces adoption of Bitcoin Treasury Strategy.
- Green Minerals aims to diversify treasury to protect against inflation and geopolitical uncertainty.
- Company plans to integrate Bitcoin into its balance sheet, moving away from traditional fiat currencies.
- Executive Chairman states maintaining a strong balance sheet is critical amid monetary expansion.
- Green Minerals targets to finance up to $1.2 billion with Bitcoin Treasury programs.
- Bitcoin exposure forms a key part of the company's capital strategy.
- New High-Efficiency Deep Sea Mining program to be launched under Partnership for Responsible Production.
- Company emphasizes commitment to financial innovation and long-term value creation.
- Introduction of key performance indicator Bitcoin per share (BTC/share) for transparent reporting.
- Blockchain technology to be used for supply chain transparency and operational efficiency.
- Bitcoin acquisition expected in the near future.
- Company sees blockchain's long-term potential beyond treasury use.
- Strategic move positions Green Minerals as leader in sustainable extraction and financial innovation.
- Company plans broader blockchain adoption across its operations.
- Stakeholders invited to monitor updates on blockchain integration.
- Article originally posted on Bitcoin Magazine by Oscar Zarraga Perez.
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Coindoo
3w
244
Image Credit: Coindoo
Binance Unveils 24th HODLer Airdrop Project, Listing Set for June 24th
- Binance announces Newton Protocol (NEWT) as the 24th project for HODLer Airdrops.
- BNB holders who subscribed to designated products between June 14 and June 17 eligible for NEWT airdrop.
- Newton Protocol (NEWT) token distribution expected within 12 hours of announcement.
- Trading for NEWT on Binance scheduled to commence on June 24 at 14:00 (UTC).
- NEWT will be available in various trading pairs like NEWT/USDT, NEWT/USDC, and others.
- A 'seed tag' will indicate NEWT as a potentially high volatility project on Binance.
- NEWT deposits to open one hour after the trading announcement.
- NEWT also available on Binance Alpha for trading before spot trading begins.
- Token details: Total Token Supply 1,000,000,000 NEWT; HODLer Airdrops Token Rewards 12,500,000 NEWT.
- Binance HODLer Airdrops program rewards BNB holders based on historical balances.
- Subscribing BNB to select products makes users eligible for token rewards and Launchpool benefits.
- The program offers passive earning opportunities for BNB holders without active participation.
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Financemagnates
3w
415
Image Credit: Financemagnates
HTX Backs Cold Storage and Automation in BitGo Deal to Attract Institutions
- HTX, a global cryptocurrency exchange, partners with BitGo Singapore to enable off-exchange settlement through the Go Network, keeping assets in custody with BitGo.
- HTX is expanding services for institutional users with various investments made in DeFi, infrastructure, Bitcoin, AI, and newer sectors like DePIN and SocialFi.
- Assets under the partnership are held in cold storage under the regulatory oversight of the Monetary Authority of Singapore, ensuring reduced counterparty and operational risks.
- BitGo Singapore holds a Major Payment Institution license, providing insurance coverage of up to $250 million for custody assets in segregated accounts, separate from HTX's balance sheet.
- Automated settlements in the partnership streamline post-trade processes, offering clients flexibility and efficiency in fund deployment while managing settlement workflows within BitGo's custody environment.
- BitGo recently launched an institutional over-the-counter (OTC) crypto trading desk to meet increasing demand, processing significant volume and providing 24/7 trading of over 250 digital assets.
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Cryptopotato
3w
148
Image Credit: Cryptopotato
Polemos Launches $PLMS Token On MEXC and Uniswap, Advancing Web3 Gaming Infrastructure
- Polemos initiated the Token Generation Event (TGE) for the $PLMS utility token to integrate blockchain technology into the gaming sector.
- $PLMS is available on MEXC and Uniswap, granting access to the Polemos GameFi ecosystem; the $PLMS IKO on Kommunitas raised $250,000.
- The token functions as the utility and governance token for the Polemos ecosystem, supporting asset management, player rewards, and ecosystem governance.
- Polemos CEO, Carl Wilgenbus, highlighted the significance of the TGE in distributing the $PLMS token for ecosystem functionality and digital asset ownership.
- A partnership with Guinevere Capital, a notable esports and gaming investment firm, aims to enhance audience monetization and player experiences.
- The collaboration targets integrating asset management tools from Polemos.io with Guinevere Capital’s expertise in Web2 and esports ecosystems.
- $PLMS TGE commenced on June 23rd, 2025, on MEXC and Uniswap, enabling features such as decentralized asset management, a scholarship program, unified rewards, and educational initiatives within the Polemos platform.
- The Polemos platform focuses on Web3 gaming experiences, aiming to bridge Web2 and Web3 gaming through partnerships and technology.
- The platform offers services like player onboarding, asset management, and engagement tools for blockchain games.
- The initiative underscores Polemos’ goal of enhancing community engagement and economic activity through the $PLMS token.
- Polemos aims to simplify access to blockchain technology and enhance gameplay and community interactions for players.
- Guinevere Capital, founded in 2016, is recognized for its strategic investments and operational expertise in major global Web2 gaming titles.
- Kommunitas, a decentralized crowdfunding platform, supported the $PLMS IKO and has facilitated over 236 Web3 projects, benefiting startup growth.
- The collaboration between Polemos and Guinevere Capital seeks to drive growth and innovation across the esports and gaming sector.
- Polemos’ partnership with Guinevere Capital aims to enhance audience monetization and player experiences by merging traditional gaming with blockchain innovations.
- Through the TGE, Polemos reinforces its commitment to creating a functional experience for players within the Web3 gaming environment.
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Cryptopotato
3w
8
Image Credit: Cryptopotato
Ethereum Price Analysis: ETH Drops to Critical Area but is $1.5K in Play?
- Ethereum faces downward pressure after losing bullish grip near $2,900.
- Market downturn, liquidation activity, and weak technical structure push ETH below critical levels.
- Short-term outlook cautious with price action and on-chain metrics suggesting potential deeper corrections.
- Daily chart shows bearish breakdown from ascending channel, dropping ETH to $2,200 range.
- Price tapped into Fair Value Gap zone but momentum remains weak.
- RSI around 35, not oversold yet, but FVG failing could lead to $1,500 support test.
- 4-hour chart indicates steady downtrend with RSI at 34, suggesting potential move towards $2,000 if $2,300 is not reclaimed.
- Visible bearish structure with lower highs and lower lows.
- Massive spike in long liquidations seen as ETH dropped to $2,200, reflecting crowded bullish trade.
- Liquidations may exaggerate downside movements in highly leveraged environments.
- Long liquidations at levels unseen in months show sentiment shift from bullish to defensive.
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Coinjournal
3w
201
Image Credit: Coinjournal
Gains Network (GNS) down 19% today: Is it the end of its recovery?
- Gains Network (GNS) token price drops 19.3% after a 31% weekly rally.
- Rising Bitcoin dominance contributes to altcoins' weakness and retail sell-offs.
- GNS burn vote outcome crucial for next price movement, current support at $1.39.
- Sharp drop attributed to profit-taking after overbought conditions and market weakness.
- MACD hints at fading bullish strength, volume decrease signals waning interest.
- Bitcoin dominance rise impacts altcoin market; Altcoin Season Index at 14.
- GNS closely correlated with Bitcoin, sentiment shifts affect GNS price.
- Community vote on governance proposal to impact tokenomics, potential supply reduction.
- Competition increasing for GNS, sustainability focus and market share challenges.
- GNS testing key support at $1.39, burn proposal and market conditions key determinants.
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