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Zycrypto
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This Nasdaq-Listed Firm Is Building $500 Million Crypto Treasury With Ripple’s XRP
- Singapore-based Trident Digital is committing $500 million to establish a corporate treasury focused on Ripple's XRP token.
- Trident is raising funds for its XRP treasury, which will serve as the company's strategic reserves.
- The company aims to engage with Ripple's ecosystem and generate yield through staking, not just a buy-and-hold strategy.
- Trident plans to launch the treasury in the second half of 2025, subject to regulatory clarity and market sentiment.
- U.S.-based Chaince Securities will be a strategic advisor on Trident's XRP treasury play.
- The initiative is seen as a unique bet on cryptocurrencies in corporate capital management by Trident's CEO, Soon Huat Lim.
- The trend of Bitcoin corporate treasury reserves has been popular, with companies like MicroStrategy leading the way.
- Only a few companies have announced similar strategies with XRP, including Webus, VivoPower, and Wellgistics Health.
- If successful, Trident's XRP treasury would strengthen XRP's position among corporate-held crypto assets.
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Zycrypto
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Ripple, SEC Ask US Court To Release $125 Million In Escrow As They Seek To Settle Years-Long Case
- Ripple and the SEC have asked the Manhattan District Court to release $125 million from escrow as they move towards settling their long-running legal dispute.
- The parties proposed a $125 million settlement wherein $50 million would go to the SEC as a civil penalty, with the rest returned to Ripple.
- The legal battle, ongoing for nearly five years, started when the SEC accused Ripple of raising $1.3 billion through unregistered XRP sales in late 2020.
- In a partial legal victory for Ripple in 2023, a judge ruled that XRP sales to retail buyers were not securities offerings, but institutional sales violated securities laws.
- The SEC initially sought a $2 billion fine, later reduced to $125 million, with $50 million potentially going to the SEC and $75 million to Ripple.
- The fate of the latest motion is deemed 'very important,' as failure to allow it could lead both parties back to litigation and appeals.
- Bill Morgan, a prominent attorney, highlighted the significance of the current motion for settlement in the Ripple-SEC case.
- An earlier joint motion for a ruling on the settlement was rejected by Judge Torres due to procedural flaws and pending appeals at the Second Circuit.
- The latest joint motion mentions 'exceptional circumstances,' such as the SEC shifting its approach towards crypto enforcement under a new chairman.
- The SEC's stance on crypto regulation changed after the appointment of crypto-friendly Paul Atkins following Donald Trump's presidency.
- The recent move to release funds from escrow indicates a potential resolution in the Ripple-SEC case after years of legal wrangling.
- Both parties are seeking to avoid additional litigation and reach a settlement in the high-profile legal saga.
- The proposed settlement represents a significant development in the ongoing dispute, with implications for Ripple and the broader crypto industry.
- The potential resolution could have implications for future regulatory clarity surrounding digital assets like XRP.
- The evolving dynamics in the Ripple-SEC case underscore the shifting landscape of crypto regulation in the United States.
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Zycrypto
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Tether Buys 31.9% Stake in Gold Royalties Company Elemental Altus (ELE)
- Tether has acquired a 31.9% stake in Elemental Altus Royalties Corp (ELE), a Canadian publicly listed gold royalties company.
- Tether invested around $89.2 million in Elemental Altus as part of its strategy to back its stablecoin with hard assets like gold.
- The investment in Elemental Altus marks a significant move for Tether into the gold royalties market from its traditional stablecoin operations.
- Tether secured 78,421,780 common shares of Elemental Altus and an option for 34,444,580 additional shares through a trade mediated by AlphaStream.
- The share price of ELE surged by 23% upon the news of Tether's acquisition, with the price reaching around $1.30 post-announcement.
- Tether's CEO, Paolo Ardoino, expressed confidence in the gold market fundamentals following the investment in Elemental Altus.
- Gold royalty companies like Elemental Altus finance mining operations and receive a royalty in return, making them low-risk investments.
- Tether aims to enhance financial product stability and transparency by diversifying into the gold royalties market and building a more resilient financial infrastructure.
- Tether's asset strategy includes over 100,000 BTC, 80 tons of gold, and stablecoin Tether Gold XAUT as part of a new financial infrastructure built on blockchain technology.
- Tether's strategic investment in gold and Bitcoin aligns with its goal to create a transparent and fair economic system for investors.
- Tether's evolving financial system, backed by tangible assets, positions the company as a major holder of Bitcoin worldwide and a significant player in the gold market.
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Coindoo
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1.2k
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Israel-Iran War Tensions Shake Crypto Markets, Bitcoin Takes a Hit
- Escalating conflict between Israel and Iran led to sharp losses in digital assets like Bitcoin.
- Israeli airstrikes targeted Iran's nuclear and ballistic missile facilities, triggering a downturn in the market.
- Iran issued strong warnings of retaliation, raising fears of prolonged regional instability.
- Bitcoin fell from $107,750 to around $105,000 amidst the geopolitical tensions.
- Investors shifted to traditional safe havens like oil and gold, causing equity indices and cryptocurrencies to tumble.
- BTC price at the time of writing: $104,940 with a 24h volume of $70.92B.
- Market cap: $2.08T, showing increased volatility in the market.
- Bitcoin's sensitivity to geopolitical shocks could keep crypto markets under pressure until a clearer resolution emerges.
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Zycrypto
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Bitcoin Dips To $103K But Ethereum, Solana, And DOGE Fall Harder As Israel Launches Major Strike On Iran
- Bitcoin and other risk assets dropped as US President Trump threatened renewed tariff measures.
- Bitcoin fell over 3.7% in a 24-hour period as Israel launched strikes on Iran's key military sites.
- Israeli Prime Minister Netanyahu described Iran's nuclear ambitions as a clear danger, leading to preemptive strikes.
- Bitcoin hit lows of $103,081 amidst escalating tensions in the Middle East, down from a 24-hour high of $108,369.
- Ethereum, the second-largest cryptocurrency, declined by 9.8%, while ETH ETFs attracted $240 million in investments.
- Crypto assets like Solana's SOL and Dogecoin (DOGE) also experienced drops of around 10.3% and 10% respectively in the last 24 hours.
- Bitcoin usually sees short-term price drops during geopolitical turmoil but historically rebounds quickly due to increased digital store of value adoption.
- President Trump criticized Fed Chairman Powell, calling him a 'numbskull' and threatening to force changes in interest rates.
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Coindoo
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Ethereum ETFs Are Exploding — Inflows Surge 5x as Bitcoin Lags Behind
- Inflows into Ethereum ETFs have surged 5x recently, indicating renewed institutional interest in the second-largest cryptocurrency.
- On June 11, a record 77,000 ETH was added to spot ETFs in a day, showcasing a spike in demand possibly driven by optimism around ETH's technical advancements and growing utility in staking and DeFi.
- The total of 154K ETH added weekly reflects a positive sentiment as Ethereum's price nears the $3,000 level.
- In contrast, Bitcoin spot ETFs saw 7,800 BTC in total inflows this week, showing stable but subdued bullish pressure compared to previous highs in May.
- BTC ETFs have shown volatility in institutional confidence with mixed signals of inflows followed by outflows, particularly around the beginning of June.
- The divergence in ETF flows between ETH and BTC could stem from rotational capital shifts, speculation on ETH ETF launches or upgrades, and Ethereum's broader utility recognition over Bitcoin's store-of-value narrative.
- Ethereum's strengthening ETF inflow momentum contrasts with Bitcoin's, potentially influencing mid-term price action and allocation strategies in the digital asset space.
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Coindoo
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XRP Eyes $2.32, AVAX Volume Drops as BlockDAG Hits $298M with $0.0018 Deal Ending June 13
- BlockDAG (BDAG) is gathering attention with its $0.0018 price window ahead of the June 13 GO LIVE reveal.
- The presale has raised over $298 million, offering a rare opportunity for early buyers at the frozen rate.
- XRP is gaining strength from Ripple's $200K grant initiative in Japan, aiming to boost real-world adoption in Asia.
- AVAX is witnessing a decline in big transactions and trading volumes, signaling downside risk.
- BlockDAG's growth includes the X1 Miner app with 1.5 million users, CertiK security, and partnerships like Inter Milan.
- AVAX whale activity decreasing results in a 95% drop in deals ranging from $1M to $10M and a 22% decrease in trading volume.
- XRP's price holds near $2.25, eyeing resistance at $2.296 and a target of $2.32, supported by strong volume and technical indicators.
- The $0.0018 price for BlockDAG offers potential profit as it plans to target $0.05 post-launch.
- After June 13, the $0.0018 rate will be replaced by the batch price, making it an enticing entry point before the reveal.
- For new entrants seeking the best crypto for beginners, accessing BlockDAG at the current rate could be advantageous.
- AVAX faces downside risk with reduced whale activity and dominance in short trades.
- XRP's market sentiment is positive due to Japan expansion initiatives and favorable price momentum.
- BlockDAG's upcoming events and partnerships demonstrate growth potential, enhancing its appeal.
- Traders are closely monitoring XRP and AVAX while also keeping an eye on the unfolding opportunities with BlockDAG.
- The market dynamics suggest contrasting scenarios for AVAX, XRP, and BlockDAG, highlighting potential investment considerations.
- The $0.0018 deal for BlockDAG is set to end on June 13, presenting a time-sensitive opportunity for investors.
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Coinjournal
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Where is Bitcoin Pepe headed as analyst sees BTC hitting $1M?
- Bitcoin has tumbled closer to $100,000 mark amid geopolitical tensions.
- Long-term outlook for Bitcoin remains optimistic despite renewed uncertainty.
- Bitcoin Pepe presale has raised over $14 million, with BPEP token priced at $0.0416.
- Analysts foresee Bitcoin potentially reaching $1 million, driven by adoption and macro trends.
- Galaxy Digital's Mike Novogratz envisions Bitcoin becoming mainstream store of value for younger generations.
- Accelerating macro adoption seen as key driver behind Bitcoin's long-term bullish case.
- Bitcoin Pepe, a meme-centric Layer 2 network, positioned to benefit from potential Bitcoin surge.
- Bitcoin Pepe combines Bitcoin's technical infrastructure with internet meme culture.
- Project aims for security of Bitcoin base layer with scalability like Solana.
- Bitcoin Pepe's presale success indicates strong investor interest.
- BPEP token currently priced at $0.0416.
- Speculative appetite likely to rise across crypto market in event of Bitcoin hitting $1 million.
- Investors seek higher upside potential, turning to assets like Bitcoin Pepe in recovering market.
- Bitcoin Pepe uniquely positioned to benefit from potential Bitcoin price surge.
- Meme appeal and technical infrastructure support Bitcoin Pepe's market positioning.
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Coinjournal
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Best crypto to buy now as SEC scraps Biden era proposed crypto rules
- The US SEC has rescinded a series of proposed rules introduced under the previous administration.
- Bitcoin Pepe's presale has raised over $14 million in its ongoing presale.
- Bitcoin dropped closer to $100,000 after Israel launched airstrikes on Iran, heightening geopolitical tensions.
- Bitcoin fell 2.8% to $103,053 within 90 minutes post-Israel's responsibility for the strikes.
- The SEC withdrawing Biden-era proposed rules could impact crypto regulation positively.
- Scrapped proposals include measures on crypto custody and exchange oversight.
- President Donald Trump's push for regulatory rollbacks is evident.
- Regulatory clarity is predicted to benefit altcoins and meme coins like Bitcoin Pepe.
- Altcoin markets may see a transition from pure speculation to utility-driven narratives.
- Projects like Bitcoin Pepe aim to merge meme culture with technical innovation.
- Bitcoin Pepe, with a defined roadmap, has raised significant funding in its presale.
- The project focuses on infrastructure and aims for a listing announcement on June 17.
- Improved regulations could enhance investor confidence in meme coins and altcoins.
- Market sentiment may start rewarding substance over hype in digital assets.
- Bitcoin Pepe combines cultural relevance with technical development for potential success.
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Coindoo
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Pi Coin Price Prediction Until the End of the Month
- Forecasts suggest a gradual price decline for Pi Coin with a rise in potential ROI, presenting buying opportunities.
- Key predictions and ROI outlook from June 14 to June 30 were provided by CoinCodex.
- Pi Coin's price trend and ROI values were outlined for each day within three time periods: June 14–18, June 19–23, and June 24–30.
- The highest potential ROI of 29.84% was observed on June 22, indicating near oversold conditions.
- Despite short-term pressure, Pi Coin could experience short-term rebounds based on historical trends.
- Traders are advised to monitor market sentiment, Pi Network updates, and volume trends for validation in late June.
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Coindoo
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$3.3B in Bitcoin Flows Into Long-Term HODL Wallets — Whale Accumulation Nears Record Levels
- A surge in whale accumulation of Bitcoin occurred on June 11, near all-time high price levels.
- Institutional and high-net-worth investors are strategically entering the market as indicated by large inflows into long-term HODL wallets.
- On June 11, accumulation addresses witnessed one of the largest daily inflow spikes in months with Bitcoin price at $110,427.
- This aggressive accumulation event since early 2024 reflects confidence among long-term holders despite recent market volatility.
- Heavy inflows into non-spending wallets by whales typically signal strong conviction and might precede bullish reversals or uptrends.
- CryptoQuant's data indicates the inflows coincided with Bitcoin rebounding from a recent correction, suggesting a positive view on current price levels.
- Over $3 billion worth of BTC moved into long-term storage within 24 hours, potentially tightening supply and setting the stage for upward price momentum.
- The market might be entering a phase of supply tightening, with whales accumulating Bitcoin, hinting at a possible future price increase.
- All eyes are on whether this accumulation signifies a deeper institutional move or a defensive play amid geopolitical uncertainty.
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Cryptoticker
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Cryptos Crash as Israel Iran War Escalates
- Bitcoin price dropped below $103,000 due to renewed geopolitical instability causing investor confidence to shake.
- The crypto market saw a decline with Bitcoin recording a daily loss of almost 3% and later slightly rebounding.
- Top altcoins like Ethereum and Solana also experienced a downward trend with losses ranging from 8% to 9.2%.
- DOGE, ADA, and TRX also lost between 7% to 8% amidst the market turmoil.
- Reports of Israeli airstrikes on Iranian territory triggered the market selloff, leading investors to exit risky assets like crypto.
- Investors liquidated leveraged positions and shifted into safe-haven assets like gold, U.S. dollars, and Treasuries.
- Over $1 billion in long positions were liquidated across all crypto exchanges in the last 24 hours, according to Coinglass data.
- Market analysts suggest that Bitcoin may find technical support around the $101K level, depending on geopolitical developments.
- Crypto's role as a hedge in macro scenarios is questioned as liquidity and risk-off sentiment dominated during the conflict.
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Coindoo
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Top 10 Gainers in Whale Activity: Which Altcoins Are on the Radar Right Now?
- Santiment's latest report highlights the top altcoin projects with significant increases in whale transactions over $100,000.
- Ethereum Name Service (ENS), Compound (COMP), and Virtuals Protocol (VIRTUAL) are leading the list of top gainers.
- Altcoins like ENS have shown a notable increase in whale transaction volume, indicating potential price volatility.
- The top gainers in whale activity include ENS, COMP, VIRTUAL, Dai, USD Coin, Mantle, OCD, WETH, and SPX6900.
- Santiment cautions that such whale activity can signal institutional accumulation, reallocation, or liquidation, impacting price swings.
- The report suggests that traders should combine whale activity signals with technical and on-chain indicators before making trading decisions.
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Cryptoticker
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TRON Price Prediction: Next Stop $0.25 or $0.30?
- TRON (TRX) price is correcting after nearing the $0.30 mark, currently trading at around $0.273 hourly and $0.271 daily, hinting at a loss of bullish momentum.
- The correction follows price rejection near resistance levels and a drop below short-term moving averages, raising questions about a deeper decline.
- The 1-hour chart shows TRX facing strong resistance near $0.278–$0.282 from SMAs, hindering significant upside movements.
- A bounce attempt near $0.265 support lacked strong volume, indicating a potential dead cat bounce unless TRX surpasses $0.278.
- On the daily chart, TRX encountered rejection at $0.295–$0.300 resistance, with the current price testing the 50-day SMA at $0.266.
- Breaking below the 50-day SMA could lead TRX towards $0.250, while regaining $0.280 might uphold the uptrend structure.
- TRX has corrected about 6.5% from $0.29 to $0.271, a level similar to past pullbacks, suggesting a stabilizing point or a further dip to $0.250.
- A breakout above $0.278 could target $0.285 and $0.295, while dropping below $0.265 might test $0.250 as the next support level.
- Traders are advised to monitor the $0.265–$0.280 range closely for a breakout confirmation, as TRON price seems to enter a consolidation phase post a heated rally.
- The next 48 hours could reveal a clearer price direction for TRON amidst the current technical setup.
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Coindoo
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Ethereum Plunges Below Key Support, But Could Flushed Leverage Fuel a Rebound?
- Israel launched a surprise military strike on Iran, triggering a sharp market-wide sell-off and panic selling of major assets, including ETH.
- Ethereum plunged below $2,600 support on Binance, leading to a liquidation cascade with heavy losses concentrated in the $2,650 to $2,430 range.
- The price collapse through key support zones triggered stop-losses and liquidations, wiping out overextended leveraged positions in ETH.
- Bitcoin derivatives markets saw a surge in short interest with deeply negative funding rates, reflecting a shift to bearish sentiment.
- Traders could see a high-risk, high-reward entry opportunity, as extreme negative funding rates historically signal moments of excessive bearishness.
- Forced liquidation of late ETH buyers might have flushed excess leverage, creating a potential base for recovery.
- If selling pressure subsides and geopolitical tensions de-escalate, both BTC and ETH could stabilize or see a relief bounce.
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