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Financemagnates
4w
386
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XRP Rises as Canada Approves Spot ETF for Toronto Stock Exchange Listing
- Purpose Investments receives regulatory approval for a spot XRP exchange-traded fund (ETF) in Canada, trading begins on Toronto Stock Exchange (TSX) on June 18 under the ticker XRPP.
- The ETF offers direct exposure to XRP through a regulated investment vehicle and will provide units in CAD-hedged, CAD non-hedged, and USD formats eligible for registered investment accounts like TFSAs and RRSPs.
- XRP's price rose nearly 7% after the approval, outperforming Bitcoin, reflecting investor optimism around regulated access to the token, one of the most traded digital assets globally.
- Purpose Investments previously launched the world's first spot bitcoin ETF in Canada.
- The XRP ETF allows investors to gain exposure to XRP without needing to hold the asset or manage private keys.
- Canada's regulator's approval of the Purpose XRP ETF underscores the country's leadership in building a regulated digital asset ecosystem.
- Canada leads ahead in approving spot cryptocurrency ETFs compared to major jurisdictions like the United States.
- XRP is meant for low-cost, fast cross-border payments through its decentralized ledger system. The Purpose ETF provides Canadian investors with simplified access to XRP through traditional channels, integrating digital assets into mainstream portfolios.
- The ETF will start trading on the TSX this Wednesday, marking progress in offering crypto-linked investment products in regulated markets.
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NullTX
4w
266
Image Credit: NullTX
Ethereum Sees Renewed Momentum Amid Surging Inflows, Dormant Whale Activity, and Network Confidence
- Ethereum experienced a surge in investor interest and on-chain activity with significant inflows of $583 million last week, marking its highest since February.
- A dormant Ethereum whale from an ICO participant reactivated after nearly a decade, depositing over 2,000 ETH ($5 million) into an exchange, indicating a substantial return on investment.
- An address depositing over $100 million into Binance suggests a potential profit realization strategy, causing a stir in the crypto community without notable price volatility.
- The Ethereum Fear and Greed Index at 55 reflects greed, showing optimism among investors amidst a price of $2,640.
- Institutional confidence in Ethereum is evident through strong inflows into Ethereum-centered investment vehicles, totaling $583 million, alongside Bitcoin's $1.3 billion in inflows last week.
- Ethereum's total value secured (TVS) hit an all-time high of $90.98 billion, reflecting growing trust in the Ethereum network for decentralized finance, staking, and tokenization.
- The rising TVS demonstrates Ethereum's shift from a speculative asset to fundamental technology supporting various digital applications and finance.
- The Ethereum market is currently in an accumulation and expansion phase, with mainstream adoption increasing among institutional players and early crypto adopters.
- Overall, the renewed strength observed in Ethereum is backed by strong inflows, dormant whale activity, and record-high on-chain values, indicating confidence in Ethereum's future.
- Investing in cryptocurrencies and services requires thorough research and is not trading or investment advice.
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Zycrypto
4w
320
Image Credit: Zycrypto
Charles Hoskinson Proposes Gateway to Unlock Ripple’s XRP $136 Billion DeFi Potential On Cardano
- XRP, the third-largest cryptocurrency, valued at over $136 billion, may join Cardano's DeFi ecosystem.
- Charles Hoskinson, Cardano's founder, proposed integrating XRP into Cardano's DeFi using the privacy-focused sidechain Midnight.
- The plan involves creating a cross-chain bridge allowing XRP access to Cardano's DeFi services like staking, yield farming, and lending.
- Midnight is Cardano's zero-knowledge sidechain, based on the eUTXO model, supporting confidential smart contracts.
- Hoskinson highlighted the privacy benefits for XRP holders using Midnight for DeFi interactions.
- XRP Ledger lacks native DeFi infrastructure, unlike Ethereum or Cardano, making the bridge to Midnight significant.
- The proposal could offer XRP holders new earning opportunities by participating in on-chain DeFi activities.
- Cardano's Lace wallet will support XRP, enabling users to hold and swap XRP and other assets alongside ADA.
- Discussions are ongoing for potential Ripple RLUSD stablecoin integration into the Cardano ecosystem.
- Hoskinson's proposal positions Midnight as an interoperability layer addressing privacy and utility challenges.
- No official launch date is set for the XRP-Midnight bridge, but with Midnight's mainnet planned for 2025, progress is underway.
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NullTX
4w
360
Image Credit: NullTX
Bitcoin Consolidates Above $100K as Institutional Buying Persists and Liquidity Cools
- Institutional players like MicroStrategy and Metaplanet continue to accumulate Bitcoin, having recently purchased a combined 19,452 Bitcoins.
- MicroStrategy added 10,100 BTC at an average price of $104,080, bringing their total BTC holdings to 592,100, worth $63.2 billion.
- Metaplanet bought 1,112 BTC at $104,760, increasing their holdings to 10,000 BTC valued at around $1.065 billion.
- Exchange liquidity has dropped significantly since December 2024 peak, with daily inflows of stablecoins on centralized exchanges now around $70 billion.
- Bitcoin remains above $100,000, signaling a base-building phase with potential bearish consolidation ahead.
- The market is in a holding pattern as long-term holders accumulate assets amidst declining liquidity, suggesting strong belief in Bitcoin's value.
- Bitcoin's resilience and lack of substantial outflows indicate a strong demand and conviction in its continued appreciation.
- Despite the consolidation phase and decreasing liquidity, Bitcoin's stability hints at a positive long-term outlook.
- The strategic holding pattern above $100K may pave the way for a more significant uptrend in the future.
- Overall, institutional accumulation, Bitcoin's stable price, and market sentiment suggest a positive outlook for the cryptocurrency.
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NullTX
4w
66
Image Credit: NullTX
Centralized Exchanges Embrace DeFi: Bybit, Coinbase, and Binance Double Down on “CEX-on-Chain” Revolution
- Large centralized exchanges are shifting towards responsible behavior by looking into on-chain ecosystems to build a trading environment with reduced risks for users.
- Bybit is leading the charge with the launch of Byreal, an apparent DEX built on Solana, to bridge the gap between centralized exchanges and DeFi.
- Byreal combines RFQ and CLMM to offer tight spreads and fast execution within a decentralized framework, aiming for institutional-grade features and fair-launch vaults.
- Coinbase and Binance are also venturing into DeFi territory with on-chain solutions like Base Layer-2 network and Binance Alpha platform.
- The strategic shift towards on-chain operations is driven by capital inflow, token price discovery, builder preferences, and user demand for trust and access.
- The concept of 'CEX-on-Chain' signifies a transformation towards open, global financial marketplaces where centralized reputation and decentralized infrastructure coexist.
- The move towards a hybrid model leaves room for speculation on whether centralized exchanges and on-chain operations will set a new industry standard.
- Byreal's launch will be closely monitored to assess the success of hybrid models and the potential adoption of 'CEX-on-chain' practices.
- The article does not provide trading or investment advice and emphasizes the importance of conducting research before engaging in cryptocurrency investments.
- Overall, the article delves into the ongoing industry shift towards decentralized finance and the emergence of 'CEX-on-chain' as a significant trend in the crypto space.
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NullTX
4w
320
Image Credit: NullTX
MemeStrategy Makes History as First HK-Listed Firm to Invest in Solana Ecosystem
- MemeStrategy becomes the first Hong Kong-listed company to invest in the Solana ecosystem, acquiring 2,440 $SOL.
- The investment is valued at about HKD 2.9 million, leading to a 20% increase in MemeStrategy's stock price.
- This move signifies growing institutional confidence in blockchain technology.
- The investment acts as a bridge between traditional finance and decentralized networks.
- MemeStrategy's decision highlights the scalable infrastructure and vibrant ecosystem of Solana.
- Solana's DApps, such as @pumpdotfun and @AxiomExchange, are dominating in revenue generation.
- Solana's low fees and fast transaction speeds are attracting users and developers at a rapid pace.
- MemeStrategy's investment reflects a larger trend of increasing institutional interest in Solana.
- The move might inspire other publicly listed firms in Asia, particularly in fintech and gaming, to invest in blockchain technology.
- The convergence of publicly traded equity markets and decentralized blockchain ecosystems is a significant development.
- Investor sentiment in blockchain technology is improving, and revenues from decentralized applications on Solana are on the rise.
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Bitcoinmagazine
4w
302
H100 Group Receives 144.8 BTC in Convertible Loan Deal
- H100 Group, a Swedish health-tech firm, receives 144.8 BTC through a convertible loan agreement settlement, bringing their total BTC holdings to 169.2 BTC.
- The 144.8 BTC was part of the first four segments of the loan agreement, well received by investors.
- Blockstream CEO Adam Back to lead a $79 million funding initiative for H100, with a 33% premium price over market shares.
- The loan structure offers settlement flexibility in cash or Bitcoin, supporting H100's long-term treasury outlook.
- Tranches 7 and 8 are planned, with potential size increases based on market interest.
- H100's strategic shift includes focusing on AI-driven health services along with leveraging Bitcoin for capital management.
- H100's stock surged 22% following the news.
- The firm's growing BTC holdings now reshape its approach to fundraising and financial activities.
- The company aims to integrate BTC into its financial framework while staying committed to health tech advancements.
- H100's evolving financial strategy combines health tech services with decentralized finance elements.
- The article suggests that H100 is uniquely positioned at the nexus of health tech and decentralized finance.
- The news article was written by Jenna Montgomery and first appeared on Bitcoin Magazine.
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NullTX
4w
80
Image Credit: NullTX
Whale Exodus and Sudden Crash Spark Rug Pull Fears Around $ZKJ Token
- The value of Polyhedra Network’s native token, $ZKJ, plummeted over 80%, resulting in liquidations exceeding $99 million.
- The sudden crash raised concerns in the DeFi sector, with debates arising whether it was a genuine market crash or a premeditated rug pull.
- $ZKJ was recently praised for its DeFi performance and Binance Alpha Points integration before its rapid decline from nearly $2.00 to below $0.40.
- On-chain analytics revealed whale accounts selling large amounts of $ZKJ before the crash, leading to suspicions of coordinated selling by insiders.
- Over $2 million worth of $ZKJ tokens were reportedly sent to centralized exchanges like Binance and OKX, indicating an impending sell-off.
- Following the crash, liquidity providers suffered significant losses, fueling demands for transparency and investigations into potential insider orchestration.
- The event has raised doubts about speculative yield farming mechanisms, emphasizing the importance of fundamental token utility over speculative incentives.
- The crash has prompted discussions on whether it was a deliberate rug pull or a market misfortune, highlighting risks in DeFi investments reliant on speculative factors.
- The Polyhedra team's silence has left the crypto community wary, awaiting further investigations and hoping for preventive measures against similar incidents in the future.
- The unfolding events serve as a reminder for DeFi investors to exercise caution and conduct thorough research before engaging in cryptocurrency investments or services.
- The ongoing probes and revelations contribute to a cautious sentiment in the cryptocurrency world, emphasizing the importance of vigilance and due diligence.
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Zycrypto
4w
35
Image Credit: Zycrypto
Trump’s Truth Social Continues Crypto Push With Dual Bitcoin And Ethereum ETF Filing
- US President Donald Trump's social media platform, Truth Social, has filed with the US SEC to introduce a joint Bitcoin and Ethereum ETF called 'Truth Social Bitcoin and Ethereum ETF, B.T.'
- The ETF will consist of 75% BTC and 25% ETH, with Crypto.com serving as the custodian and execution agent.
- This move follows the previous filing for a fund focused solely on Bitcoin named the Truth Social Bitcoin ETF.
- The new ETF aims to provide traditional investors with exposure to Bitcoin and Ether through shares backed by the crypto assets, eliminating the need to directly purchase and store tokens.
- The ETF shares are planned to be listed on the NYSE Arca, although the product fees have not been disclosed yet.
- The inclusion of Ethereum in the ETF is in line with the Trump family's involvement in crypto, as World Liberty Financial holds most of its assets on the Ethereum blockchain.
- If approved, the Truth Social Bitcoin and Ethereum ETF would enter a competitive market led by established asset managers like BlackRock.
- This latest move showcases Trump Media and Technology Group's increasing engagement with the crypto industry.
- Recently, the group raised $2.32 billion to create its Bitcoin treasury, although no Bitcoin acquisitions have been announced.
- President Trump and his family have been associated with various crypto initiatives, with the launch of an official meme coin on the Solana blockchain and the introduction of the Ethereum DeFi platform World Liberty Financial.
- The Trump administration has been easing restrictions on the crypto sector, leading to increased involvement in the cryptocurrency space.
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Coindoo
4w
249
Image Credit: Coindoo
Best Crypto Ecosystems by Active Development: June 2025 Edition
- Internet Computer (ICP) leads the top crypto ecosystems by active development with a score of 557.7 on GitHub.
- Chainlink (on Ethereum) and Starknet follow in the second and third positions with scores of 370.8 and 260.6, respectively.
- Cardano and Polkadot maintain their strong developer engagement and positions in the top 10 projects list, showcasing sustainable progress.
- Newer entrants like Sui are making advancements with infrastructure improvements, climbing the ranks among established projects.
- Development activity is considered a leading indicator of project health and innovation, indicating long-term sustainability and growth potential.
- The competition among scalable blockchain platforms is fierce, with various Layer 1s and Layer 2s in the top rankings striving for market adoption.
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Coindoo
4w
209
Image Credit: Coindoo
Solana Hits $164, Dogecoin Logs $23B in Transactions, but Unstaked’s $0.011397 AI Presale Could Be a 400x Play
- Solana has surged to around $164.5, while Dogecoin has shown renewed strength with notable transaction volumes and daily active addresses.
- Unstaked's $UNSD token, priced at $0.011397, aims for significant gains with a potential 400x return, targeting a price range of $3 to $5.
- Solana faces resistance at $168 to $172, with bullish forecasts eyeing $185 and potentially $200 or higher.
- Dogecoin's price action could extend if it surpasses key resistance levels at $0.20, possibly targeting $0.22 or $0.24.
- Unstaked's ecosystem revolves around AI agents, emphasizing a real performance-based tokenomics model.
- Unstaked offers a unique opportunity for long-term gains, surpassing hype with a focus on tangible utility and agent monetization.
- The $UNSD token powers agent functions, governance, and marketplace transactions, enhancing its utility within the ecosystem.
- Unstaked Stage 20 has raised $9.8 million with no private sales or VC lockups, emphasizing transparency and user inclusivity.
- Unstaked stands out as a promising crypto project for 2025, with early entries potentially looking at substantial returns.
- Solana and Dogecoin's movements reflect ongoing market momentum, while Unstaked presents a potential breakout opportunity.
- Unstaked's AI-driven system, priced at $0.011397, provides a pathway to significant returns amidst a focus on post-launch monetization.
- The $UNSD token's projected target of $5 signifies substantial growth potential, emphasizing its role as a noteworthy prospect in the crypto space.
- Unstaked's platform supports autonomous AI agents across various platforms, offering users functionality and the ability to tokenize their agents.
- Unstaked's focus on original tokenomics and real-world utility positions it as an innovative contender in the crypto landscape.
- Unstaked's presale is currently ongoing, attracting attention for its unique features and growth prospects in the long term.
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Coindoo
4w
71
Image Credit: Coindoo
BTC Treasury Firms Face Value Erosion, VanEck Director Warns
- Bitcoin-holding public firms are facing risks of shareholder dilution as their stock approaches or falls below Bitcoin net asset value (NAV).
- ATM issuance near NAV can erode shareholder value instead of building capital, according to a VanEck director.
- To prevent dilution similar to crypto mining sector errors, Sigel suggests safeguards like halting ATM issuance below 0.95x NAV for 10+ sessions and focusing on buybacks during Bitcoin price increases.
- Strategic reviews including mergers, spinoffs, or abandoning BTC strategy are proposed if discounts persist.
- Executive compensation tied to NAV per share growth is recommended to align interests.
- Boards are advised to take proactive steps to preserve value and protect shareholders as BTC exposure may backfire.
- VanEck director emphasizes the importance of acting now while there are still premiums.
- Bitcoin treasury firms should prioritize protecting shareholder value and options by halting dilution and considering strategic alternatives.
- Sigel suggests tying executive compensation to NAV per share growth for better alignment of interests.
- Boards should take preventive measures to safeguard shareholder value and avoid negative impacts of BTC exposure.
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Coindoo
4w
409
Image Credit: Coindoo
Ethereum Bullish Signal Gains Traction, Kaspa Price Today Slips, and BlockDAG’s 2,660% ROI Makes It the Market Leader
- Ethereum shows a bullish signal near $3,720, while Kaspa price hovers around $0.165 awaiting clear direction.
- BlockDAG's 2,660% ROI from presale to launch price of $0.05 sets it apart as a market leader.
- Kaspa price today fell below $0.17, facing resistance near $0.18, indicating a possible deeper correction if $0.165 is breached.
- Ethereum maintains stability at $3,720, eyeing a breakout above $3,800 for a rally towards $4,000 with positive technical indicators.
- BlockDAG's strong performance based on actual execution includes a working testnet, 2 million mobile miners, and liquidity on 20 exchanges.
- While Ethereum and Kaspa rely on price fluctuations, BlockDAG's ROI is driven by real-world traction and fundamental strengths.
- BlockDAG offers comprehensive solutions for miners, developers, and traders, aiming to become a foundational protocol in the cryptocurrency space.
- For those seeking crypto opportunities, BlockDAG's execution-focused approach presents a compelling investment case.
- Ethereum's potential breakout above $3,800 and Kaspa's price volatility contrast with BlockDAG's steady growth through infrastructure and adoption.
- Investors looking for solid crypto investments may find BlockDAG's performance and milestones attractive compared to Ethereum and Kaspa.
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Cryptoticker
4w
183
Image Credit: Cryptoticker
Bitcoin Nears Record High: Just 3% Away from New ATH—Here's Why $120K is Next
- Bitcoin is currently trading around $107,849, nearing its all-time high of $111,970 from May 22, 2025.
- Factors such as massive institutional adoption and weak dollar are supporting Bitcoin's bullish momentum.
- Geopolitical tensions, like the Israel-Iran conflict, are enhancing Bitcoin's appeal as a safe-haven asset.
- Bitcoin is predicted to potentially break $120,000 in the short term, with a bullish outlook in both the short and medium term.
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Coindoo
4w
217
Image Credit: Coindoo
Cardano to Revamp Stake Pool Incentives for Smaller Operators
- Cardano plans to revamp stake pool incentives to support smaller operators in the network.
- The goal is to create a fairer environment for small and single-pool operators who face challenges competing with larger setups.
- The proposal aims to investigate alternative incentive structures to even out rewards for smaller pools.
- Many small SPOs struggle to attract delegators due to visibility and competitive return issues.
- The initiative seeks to promote equitable participation and diversity in the network.
- Improving incentives for smaller pools could enhance decentralization and network resilience for Cardano.
- The updates are designed to benefit the ecosystem as a whole and ensure fair treatment for all SPOs.
- Input Output outlined plans for further details on implementation timelines and success metrics.
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