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Cryptography News
Coinjournal
4w
115
Image Credit: Coinjournal
TRX surges as SRM Entertainment secures $100M deal to launch TRON treasury
- TRON's cryptocurrency TRX experiences a surge in price following a high-stakes merger and investment deal with SRM Entertainment.
- SRM Entertainment secures a $100 million deal to launch a TRON-based treasury strategy, leading to a 3% increase in TRX price.
- The agreement involves SRM issuing Series B Convertible Preferred Stock and warrants worth up to $210 million toward a TRON Treasury Strategy.
- Justin Sun, founder of TRON blockchain, becomes an advisor to SRM Entertainment as part of the deal.
- SRM Entertainment rebrands to Tron Inc. following the agreement, with Donald Trump Jr. and Eric Trump reportedly playing a role in the reverse merger.
- Sun's involvement showcases a close relationship with the Trump family, emphasizing investments in TRUMP meme coin and World Liberty Financial.
- TRX price surged to $0.2803, with over $1.2 billion in trading volumes and a market capitalization exceeding $26.5 billion.
- Justin Sun underscores TRON's global reach with 310 million user accounts and daily on-chain transactions over $20 billion in US dollar-backed stablecoins.
- TRON's planned dividend policy linked to TRX staking aims to attract institutional and retail investors in the future.
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Coindoo
4w
362
Image Credit: Coindoo
Binance Adds New USDC Trading Pairs and Bot Support Starting June 17
- Binance is adding new USDC trading pairs starting June 17 at 11:00 UTC to enhance stablecoin trading options.
- Trading Bot services called Spot Algo Orders will be available for the new pairs to automate trading strategies.
- Users will benefit from discounted taker fees in USDC spot and margin markets with no specified end date for the promotion.
- The move strengthens Binance's commitment to USDC-based trading, aiming to offer enhanced liquidity, stability, and flexibility.
- The exchange seeks to meet the growing demand for stablecoin-denominated assets.
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Cryptoticker
4w
169
Image Credit: Cryptoticker
Will Ethereum Hit $3,000 This Week? Watch These Key Levels
- Ethereum price is at a critical stage, with signs of renewed momentum as it hovers near $2,591.
- Traders are closely monitoring Ethereum's price action as it tests key resistance around the 200-day SMA at $2,632.
- The daily chart shows a bullish reversal with the strengthening of green Heikin Ashi candles.
- The 20 SMA crossing above the 50 SMA indicates a potential medium-term bullish trend.
- On the hourly chart, Ethereum broke above multiple SMAs and is supported by a tight range of $2,550-$2,580.
- Key resistance levels for Ethereum are at $2,780, $2,910, and $3,080.
- A Fibonacci extension suggests a target level near $3,850 if the uptrend continues.
- Maintaining daily closes above $2,620 is vital for Ethereum to aim for $3,000 and potentially $3,140.
- In case Ethereum drops below $2,550, it may retest $2,400, affecting short-term sentiment.
- Short-term prediction sees Ethereum retesting $2,780 if $2,620 support holds.
- Medium-term outlook targets $3,000 as a major level, with an extension possibility to $3,140-$3,850.
- Strong breakout signals on hourly and daily timeframes hint at a potential rally towards $3,000.
- Confirmation of bullish continuation requires daily closes above $2,620 and close monitoring of volume.
- The risk-reward setup for swing traders looks promising if Ethereum sustains above $2,550.
- The article speculates on Ethereum's potential to hit $3,000 and warns about the importance of key support levels.
- Following technical indicators and price levels is crucial for determining Ethereum's trajectory this week.
- Overall, Ethereum's price movement remains uncertain but with bullish undertones.
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Bitcoinmagazine
4w
311
Leading OnChain Comms Agency Melrose PR Joins Decentralized Gentleman’s Club with Rare Pepe Inscription on Bitcoin
- Melrose PR, a leading onchain communications agency, joins the Decentralized Gentlemen Club (DGC) by minting a rare Pepe inscription on the Bitcoin blockchain.
- The DGC will be the largest collection on Bitcoin, twice as large as the next biggest, with a focus on Bitcoin-themed meme culture, decentralization, style, and storytelling.
- Each DGC member is represented as a custom, tuxedo-clad Pepe on the Bitcoin blockchain, with Melrose PR's CEO represented by a wizard frog in a bowtie.
- Melrose PR's CEO, Kelley Weaver, emphasizes the importance of Bitcoin as a foundation for community and storytelling in addition to its role in finance technology.
- Melrose PR's involvement in DGC signifies the significance of narrative in the evolving Bitcoin culture and community.
- DGC spokesperson praises Kelley Weaver's Pepe wizard inscription as eternal membership, highlighting the value of storytelling in the movement.
- Melrose's piece in the DGC collection portrays Kelley Weaver in arcane regalia and stands out as a significant onchain artwork in Bitcoin history.
- DGC, aiming to be the largest Ordinals collection, is pushing technical boundaries with 2500 pieces minted out of the total 10,000.
- To join DGC, individuals can mint their own Degent or purchase a verified DGC Ordinal at Magic Eden.
- The Decentralized Gentlemen Club focuses on satire and self-sovereignty through a 10,000-piece Bitcoin Ordinal collection.
- Melrose PR is known for delivering quality results for bitcoin and crypto firms since 2016, leveraging its strategic approach and industry networks.
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Bitcoinmagazine
4w
422
Smarter Web Company Raises £29.3M to Grow Bitcoin Holdings
- The Smarter Web Company, a UK-based web design and digital services firm, raised £29.3 million in new funding to support its Bitcoin treasury strategy.
- The funding was secured through an accelerated bookbuild and subscription with institutional investors, with shares priced at £1.80 each.
- Over 16.2 million new shares were issued, raising approximately £29.3 million, well above the initial target of £15 million.
- Just days prior to the funding round, the company added 74.27 Bitcoin to its holdings for £5.98 million, bringing its total holdings to 242.34 BTC.
- The Smarter Web Company views Bitcoin as a fundamental part of the future financial system.
- The company started incorporating Bitcoin into its treasury strategy back in 2023, accepting Bitcoin as payment and formalizing a Bitcoin Treasury Policy in April 2025.
- Upon admission of the new shares around June 19, the company's total shares will exceed 220 million.
- Smarter Web Company stands out as one of the few UK-listed companies actively embracing a corporate Bitcoin treasury.
- The raise underscores the firm's commitment to growing its Bitcoin holdings and integrating cryptocurrency into its long-term financial planning.
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Cryptoticker
4w
409
Image Credit: Cryptoticker
Bitget Joins UNICEF Game Changers Coalition to Provide Blockchain Education to 300,000 People
- Bitget partners with UNICEF to provide blockchain education to 300,000 people across eight regions, focusing on adolescents, parents, mentors, and teachers.
- Bitget Academy will develop UNICEF's interactive blockchain training module for teachers and youth, expanding the Coalition to a ninth country.
- The partnership aims to empower young people through digital skills and blockchain literacy, promoting inclusion and opportunity.
- Bitget plans to introduce UNICEF to blockchain protocols and developers to enhance educational initiatives and drive social good.
- The collaboration addresses the gender digital skills gap, aiming to reach 1.1 million girls by 2027 through learning and skills-building opportunities.
- Bitget's Blockchain4Her initiative supports women with mentorship, funding, and educational resources to enhance digital literacy and financial independence.
- UNICEF works globally to support disadvantaged children, with UNICEF Luxembourg focusing on private sector partnerships and children's rights advocacy.
- The Game Changers Coalition by UNICEF aims to equip girls with STEAM skills through partnerships with the video gaming sector and tech industry.
- Bitget, as a crypto exchange and Web3 company, has a history of humanitarian partnerships and initiatives promoting crypto adoption.
- The partnership with UNICEF focuses on education outcomes for children and promoting inclusion and diversity in the digital space.
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Coindoo
4w
280
Image Credit: Coindoo
MemeStrategy Becomes First HK-Listed Firm to Invest in Solana Ecosystem
- MemeStrategy purchased 2,440 SOL tokens valued at around HKD 2.9 million to align its treasury with blockchain tech.
- The investment was made using internal reserves, signaling a strategic move into the Web3 space.
- Key reasons for investing in Solana included its speed, scalability, and growing developer base.
- Solana's appeal lies in decentralized applications, real-world asset tokenization, and consumer adoption.
- MemeStrategy's core objectives for the SOL allocation include exposure to token price appreciation and generating yield through staking.
- Diversifying treasury into crypto-native assets serves as a hedge against traditional financial volatility.
- The move establishes MemeStrategy as a pioneer in corporate crypto adoption in Asia.
- This investment reinforces Solana's presence in institutional circles.
- The post was originally published on Coindoo.
- The news indicates MemeStrategy's proactive approach to integrating blockchain technology into its operations.
- The firm's strategic allocation highlights the growing importance of crypto assets in traditional finance circles.
- Solana's features make it an attractive platform for firms seeking to capitalize on blockchain advancements.
- This development underscores the increasing interest in decentralized finance and asset tokenization.
- MemeStrategy's investment underscores the potential for mainstream adoption of blockchain technologies by corporations.
- The move represents a significant milestone for MemeStrategy and marks its foray into the blockchain ecosystem.
- The investment aligns with the broader trend of companies diversifying into digital assets as part of their treasury management strategies.
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Cryptoticker
4w
280
Image Credit: Cryptoticker
XRP Price Prediction: Can Ripple Surge to $2.50 This Week?
- XRP is currently trading at $2.26, showing a 4.36% increase for the day.
- Over the past year, XRP has gained 361%, indicating a strong macro trend.
- Shorter timeframes display a positive momentum shift for XRP.
- XRP recently broke out of an ascending triangle pattern and reclaimed the 200 EMA on the 2-hour chart.
- RSI suggests strong momentum but warns of potential short pullbacks.
- Immediate resistance for XRP is at $2.30, with a short-term target of $2.50 possible in the next 5-7 days.
- Maintaining above $2.10 support is crucial for XRP's bullish outlook.
- XRP's breakout structure, EMA position, and overall market sentiment support a positive price trajectory.
- Key levels to watch are $2.30 as resistance and $2.10 as support.
- XRP's performance is closely tied to broader market movements and Bitcoin's recovery.
- XRP continues to hold strong despite a cooling-off period from its 2020 surge.
- The cryptocurrency market's positive momentum may contribute to XRP's upward potential.
- Maintaining higher lows and EMA support is crucial for XRP's continued bullish momentum.
- The $2.50 price target for XRP in the near term is within reach if current trends persist.
- As long as XRP upholds its technical positions and positive market sentiment continues, the bullish scenario for XRP is feasible.
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NullTX
4w
137
Image Credit: NullTX
DOGWIFHAT PRICE ANALYSIS & PREDICTION (June 16) – WIF Finds Support After Mini Drop, Looks Poised For a Fresh Buy
- WIF experienced a recent drop but has found support, hinting at a potential uptrend.
- Last month was volatile for WIF, facing rejection under $1.4 after a surge from $0.3.
- The recent correction led to a discount in the market, which the bulls capitalized on, resulting in a bounce back.
- The current bounce is supported by the $0.79 level, with potential for a return above $1.
- A strong weekly close above last month's high could lead to significant gains in the future.
- If the bulls maintain daily commitment, positive actions are expected, with a target of $4 in the near term.
- Key resistance levels include $1, $1.39, $1.75, with $1 being a primary obstacle for bulls.
- Breaking support levels could lead to price declines to $0.58 and $0.4.
- WIF's spot price is currently at $0.87, with a bullish trend and low volatility.
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Coindoo
4w
152
Image Credit: Coindoo
Bitcoin Breaks Above $107,000 as Bulls Regain Momentum
- Bitcoin breaks above $107,000, nearing its yearly high amid a strong market recovery.
- Bitcoin's market capitalization reaches $2.12 trillion, with a 24-hour trading volume of $42.93 billion, up by 20.69%.
- Bitcoin's scarcity remains intact with 19.87 million BTC in circulation out of a capped supply of 21 million.
- The volume-to-market cap ratio of Bitcoin stands at 2.01%, indicating increased trading activity relative to its total market size.
- BTC recently experienced sideways movement and retests near $100K before gaining momentum and surpassing $107K.
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Coindoo
4w
115
Image Credit: Coindoo
Trump Media Moves to Launch Bitcoin and Ethereum ETF
- Trump Media filed with the SEC for launching the “Truth Social Bitcoin and Ethereum ETF” with the ticker B.T.
- The ETF plans to invest 75% in Bitcoin and 25% in Ethereum to mirror their price movements.
- Trump Media's move into digital assets aligns with its overall financial innovation strategy.
- Crypto.com will serve as the custodian and prime execution agent for the ETF, offering additional services like staking and liquidity.
- The launch of the ETF is set for later in 2025, subject to regulatory approval.
- If approved, Trump Media would be among the first prominent media and tech companies to provide direct investment options linked to Bitcoin and Ether.
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Coindoo
4w
88
Image Credit: Coindoo
French Legislators Want Bitcoin Mining to fix a Costly Energy Problem
- French legislators propose using Bitcoin mining as a solution for managing energy surplus and creating economic value from unused electricity.
- France, known for generating over 70% of its electricity from nuclear power, often produces more energy than necessary, leading to significant losses.
- In 2024, France reportedly lost €80 million worth of unused electricity due to surplus production.
- Bitcoin mining is seen as a flexible and scalable option for absorbing excess energy, especially during off-peak periods.
- The proposal suggests treating Bitcoin mining as an energy tool rather than a threat, signaling a shift in perspective.
- If implemented, France could lead the way in using blockchain technology to optimize its power grid.
- The initiative aims to repurpose surplus energy for economic benefit rather than wasting it.
- The Big Whale co-founder Raphaël Bloch emphasizes the importance of better grid optimization to address the energy surplus issue.
- The proposal highlights the potential of Bitcoin mining to help balance energy supply and demand in a cost-effective manner.
- France's focus on utilizing Bitcoin mining reflects a broader trend of exploring new applications for crypto technology.
- The plan could help France leverage its excess energy to create value and boost its economy.
- Bitcoin mining's adaptability to varying energy availability positions it as a suitable solution for managing electricity surplus.
- This proposal marks a significant change in perspective, viewing Bitcoin mining as an asset for energy optimization.
- France's move could set a precedent for other countries looking to utilize blockchain technology for energy management.
- The initiative underscores the potential benefits of integrating Bitcoin mining into energy infrastructure for improved efficiency and sustainability.
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Coinjournal
4w
88
Image Credit: Coinjournal
Truth Social files for a Bitcoin and Ethereum ETF
- Truth Social has filed for a Bitcoin and Ethereum ETF with the US SEC.
- The ETF, named the Truth Social Bitcoin and Ethereum ETF, seeks to provide exposure to both Bitcoin and Ethereum in a single product.
- This move signifies Truth Social's significant entry into digital finance and blockchain technology.
- The filing underlines the company's shift from a political platform to a player in the finance, crypto, and digital infrastructure sectors.
- The ETF aims to attract investors with exposure to Bitcoin and Ethereum within one investment vehicle, catering to a growing interest in cryptocurrencies.
- The proposed ETF sponsored by Yorkville America Digital, LLC is expected to track the market performance of Bitcoin and Ethereum, pending SEC approval.
- If approved, investors can gain regulated crypto exposure without holding digital assets directly, potentially broadening crypto adoption among traditional market participants.
- The Truth Social filing adds to the trend of mainstream platforms entering the digital asset space, striving to engage younger and tech-savvy demographics.
- SEC approval for the Truth Social Bitcoin and Ethereum ETF application would align with the increasing wave of crypto-related financial products in the US.
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Cryptopotato
4w
311
Image Credit: Cryptopotato
Binance Issues a Crucial Scam Warning Involving All Users: Details
- Binance has issued a crucial scam warning to its users regarding impersonation attempts by scammers on social apps in order to access accounts and steal personal information.
- Scammers are pretending to be Binance support, requesting face videos to 'verify' accounts and sending QR codes through WhatsApp, Telegram, and Facebook, which when scanned, provide instant access to Binance accounts.
- Users on popular social media platforms are prime targets for these scams, especially in areas with high device theft rates.
- Binance has emphasized the importance of users trusting only official channels to avoid falling victim to scams, as criminals constantly target the exchange's large user base of over 275 million people.
- Recent threats to Binance users include SMS spoofing attacks, where users received messages instructing them to transfer funds to a dubious wallet after being falsely told that their accounts were accessed from North Korea.
- Binance's CEO has previously warned about phishing scams targeting the exchange's users and highlighted the importance of user vigilance as the primary defense against such threats.
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Coindoo
4w
102
Image Credit: Coindoo
AI Predicts XRP Could Hit $285 by 2050
- Telegaon data predicts XRP's price could reach $285 by 2050 based on historical trends, market sentiment, and adoption.
- Short-term forecast suggests XRP may hit $5.87 in 2025 and climb to $48.03 in 2030, indicating potential mainstream use.
- Long-term projections are more ambitious with XRP reaching $160.34 in 2040 and a peak of $285.56 in 2050.
- Assumptions include Ripple expanding partnerships, increased XRP adoption in finance and payments, and favorable crypto regulations for large-cap assets.
- AI-generated predictions provide insight but are subject to volatility and real-world variables influencing price movements.
- Crypto market uncertainties and risks should be considered when interpreting long-term forecasts.
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